Investors Purchase High Volume of Call Options on Redwire (NYSE:RDW)

Redwire Corporation (NYSE:RDW) was the recipient of some unusual options trading on Monday. Traders bought 46,592 call options on the stock. This is an increase of approximately 41% compared to the average daily volume of 33,150 call options.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Canaccord Genuity Group set a $14.00 target price on Redwire in a research note on Monday. Jefferies Financial Group reissued a “buy” rating and set a $13.00 target price on shares of Redwire in a research note on Sunday. Roth Mkm reissued a “buy” rating and set a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Redwire has a consensus rating of “Moderate Buy” and a consensus target price of $14.22.

Redwire Trading Up 12.1%

RDW stock traded up $1.34 during midday trading on Monday, hitting $12.41. 15,649,672 shares of the company’s stock were exchanged, compared to its average volume of 24,382,066. The business has a 50-day simple moving average of $9.44 and a two-hundred day simple moving average of $8.63. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.38 billion, a PE ratio of -4.61 and a beta of 2.41. Redwire has a 1-year low of $4.87 and a 1-year high of $22.25.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The business had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.Redwire’s revenue was up 57.9% compared to the same quarter last year. During the same period last year, the business earned ($0.09) EPS. On average, sell-side analysts predict that Redwire will post -0.49 EPS for the current fiscal year.

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 977,887 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total value of $10,336,265.59. Following the completion of the sale, the director owned 21,494,349 shares of the company’s stock, valued at approximately $227,195,268.93. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 23,377,780 shares of company stock valued at $229,306,538 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Redwire by 125.0% in the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after buying an additional 28,576 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Redwire by 352.8% in the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock valued at $2,945,000 after buying an additional 276,814 shares in the last quarter. Strs Ohio acquired a new stake in shares of Redwire in the first quarter valued at $69,000. Rhumbline Advisers grew its stake in shares of Redwire by 61.0% in the second quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock valued at $921,000 after buying an additional 21,417 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Redwire by 57.6% in the second quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after buying an additional 7,750 shares in 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.