Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 1,862,063 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,862,063 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $10.44, for a total transaction of $19,439,937.72. Following the completion of the transaction, the director owned 83,632,283 shares in the company, valued at $873,121,034.52. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Redwire Stock Down 7.2%

Shares of Redwire stock opened at $9.88 on Thursday. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66. The company has a market capitalization of $1.63 billion, a PE ratio of -3.12 and a beta of 2.44. 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 business has a 50-day moving average of $6.84 and a 200-day moving average of $9.80.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) 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 return on equity of 16.24% and a negative net margin of 70.32%. As a group, equities analysts forecast that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Redwire

Large investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of Redwire during the third quarter worth approximately $41,000. Russell Investments Group Ltd. raised its stake in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after acquiring an additional 3,672 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Redwire during the 2nd quarter worth $54,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after purchasing an additional 5,395 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Redwire during the first quarter valued at $69,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Roth Capital reissued a “buy” rating and set a $15.00 price target on shares of Redwire in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research report on Thursday, November 6th. Cantor Fitzgerald cut their target price on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $22.00 price target on shares of Redwire in a research note on Tuesday, December 23rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.50.

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.