Insider Selling: Redwire (NYSE:RDW) Director Sells 2,871,715 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55. Following the sale, the director owned 75,860,420 shares in the company, valued at approximately $817,016,723.40. This represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total transaction of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The shares were sold at an average price of $10.44, for a total transaction of $19,439,937.72.

Redwire Price Performance

NYSE:RDW traded down $0.55 during midday trading on Tuesday, hitting $10.11. 19,222,765 shares of the stock were exchanged, compared to its average volume of 24,438,150. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.19 and a beta of 2.44. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. Redwire Corporation has a one year low of $4.87 and a one year high of $26.66. The business has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $9.64.

Redwire (NYSE:RDW) last issued its quarterly earnings results 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). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The firm had revenue of $103.43 million for the quarter, compared to analyst estimates of $132.05 million. Sell-side analysts predict that Redwire Corporation will post -0.85 EPS for the current year.

Institutional Investors Weigh In On Redwire

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after acquiring an additional 1,533 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Redwire by 10.4% during the 2nd quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock valued at $302,000 after purchasing an additional 1,751 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Redwire by 24.0% in the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after purchasing an additional 2,442 shares in the last quarter. Huntleigh Advisors Inc. lifted its holdings in shares of Redwire by 4.2% in the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock valued at $556,000 after purchasing an additional 2,488 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position 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 worth $126,000 after buying an additional 3,213 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RDW. KeyCorp initiated coverage on shares of Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating for the company. Truist Financial set a $13.00 target price on shares of Redwire in a research note on Friday. Canaccord Genuity Group reduced their target price on shares of Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.13.

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.