Redwire (NYSE:RDW) Stock Price Down 11% After Insider Selling

Redwire Corporation (NYSE:RDW) shares fell 11% on Wednesday after an insider sold shares in the company. The stock traded as low as $9.57 and last traded at $10.02. 28,971,130 shares were traded during trading, a decline of 17% from the average session volume of 34,791,758 shares. The stock had previously closed at $11.26.

Specifically, Director Ae Red Holdings, Llc sold 1,312,126 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $11.12, for a total transaction of $14,590,841.12. Following the transaction, the director owned 49,898,395 shares in the company, valued at $554,870,152.40. This represents a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ae Red Holdings, Llc sold 1,550,179 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $12.65, for a total transaction of $19,609,764.35. Following the sale, the director directly owned 51,210,521 shares in the company, valued at $647,813,090.65. This trade represents a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other Redwire news, Director Ae Red Holdings, Llc sold 3,932,686 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80. Following the transaction, the director owned 52,760,700 shares of the company’s stock, valued at approximately $675,336,960. This represents a 6.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RDW shares. KeyCorp initiated coverage on Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Truist Financial set a $13.00 target price on shares of Redwire in a research note on Friday, January 9th. Cantor Fitzgerald lowered their price target 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. HC Wainwright reaffirmed a “buy” rating and set a $22.00 target price on shares of Redwire in a report on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Redwire Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -3.16 and a beta of 2.45. The stock has a 50-day moving average price of $8.86 and a 200 day moving average price of $9.07.

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

Institutional Investors Weigh In On Redwire

A number of hedge funds and other institutional investors have recently bought and sold shares of RDW. AE Industrial Partners LP grew its stake in shares of Redwire by 139.3% during the 2nd quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after acquiring an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Redwire in the third quarter valued at about $20,372,000. Hood River Capital Management LLC bought a new stake in Redwire during the second quarter worth about $36,206,000. Cooper Creek Partners Management LLC acquired a new position in Redwire during the second quarter valued at approximately $32,652,000. Finally, UBS Group AG boosted its position in Redwire by 140.8% during the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.