Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 81,319 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 81,319 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $10.01, for a total value of $814,003.19. Following the transaction, the director owned 43,662,407 shares in the company, valued at $437,060,694.07. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $10,068,962.70.
• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The stock was sold at an average price of $10.06, for a total value of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $116,266.15.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total value of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The shares were sold at an average price of $11.12, for a total transaction of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The shares were sold at an average price of $12.65, for a total transaction of $19,609,764.35.
• 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.

Redwire Price Performance

Shares of Redwire stock opened at $9.65 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. The firm’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $8.51. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25. The firm has a market cap of $1.59 billion, a P/E ratio of -4.07 and a beta of 2.50.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The business had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. As a group, research analysts expect that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Redwire

A number of large investors have recently bought and sold shares of RDW. AQR Capital Management LLC increased its holdings in Redwire by 125.0% during the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after purchasing an additional 28,576 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Redwire by 352.8% in the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares in the last quarter. Strs Ohio acquired a new position in Redwire in the first quarter worth $69,000. Geode Capital Management LLC grew its holdings in shares of Redwire by 77.1% during the second 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 last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Redwire by 71.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock valued at $126,000 after buying an additional 3,213 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RDW. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. KeyCorp initiated coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Jefferies Financial Group cut their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, March 6th. Roth Mkm restated a “buy” rating and issued a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. Finally, Truist Financial raised shares of Redwire from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $15.00 in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.89.

About Redwire

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.