Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 4,847,867 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 4,847,867 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43. Following the sale, the director directly owned 56,693,386 shares of the company’s stock, valued at $753,455,099.94. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total value of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The shares were sold at an average price of $10.83, for a total transaction of $24,425,505.48.
• On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The stock was sold at an average price of $10.27, for a total value of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The stock was sold at an average price of $10.08, for a total value of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total transaction of $19,439,937.72.

Redwire Trading Down 8.4%

Shares of NYSE RDW opened at $11.73 on Friday. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.66. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -3.70 and a beta of 2.44. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $8.63 and its 200-day moving average is $9.30.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.15). The business had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. Equities research analysts predict that Redwire Corporation will post -0.85 EPS for the current year.

Institutional Investors Weigh In On Redwire

Hedge funds have recently modified their holdings of the company. AE Industrial Partners LP increased its stake in shares of Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after purchasing an additional 49,765,262 shares in the last quarter. Canal Insurance CO purchased a new position in shares of Redwire in the second quarter valued at $3,260,000. Register Financial Advisors LLC grew its stake in shares of Redwire by 46.8% in the 3rd quarter. Register Financial Advisors LLC now owns 327,900 shares of the company’s stock worth $2,948,000 after buying an additional 104,597 shares in the last quarter. Voya Investment Management LLC purchased a new position in Redwire in the third quarter worth about $20,372,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Redwire by 77.1% in the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company’s stock worth $15,248,000 after purchasing an additional 407,131 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RDW shares. Truist Financial set a $13.00 price target on shares of Redwire in a research note on Friday, January 9th. Cantor Fitzgerald reduced their target price on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Redwire in a report on Wednesday. Finally, Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.75.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.