Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 1,662,484 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,662,484 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $10.34, for a total transaction of $17,190,084.56. Following the completion of the sale, the director owned 74,197,936 shares of the company’s stock, valued at approximately $767,206,658.24. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• 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 stock was sold at an average price of $10.08, for a total value 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 value of $19,439,937.72.

Redwire Stock Down 1.2%

Redwire stock opened at $10.89 on Friday. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.66. The stock has a 50 day moving average of $7.25 and a two-hundred day moving average of $9.61. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -3.44 and a beta of 2.44.

Redwire (NYSE:RDW) last released 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). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The company had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. As a group, research analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently modified their holdings of the business. AE Industrial Partners LP raised its position in shares of Redwire by 7.1% during the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after purchasing an additional 6,101,959 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Redwire by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after acquiring an additional 91,045 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of Redwire in the third quarter valued at $20,372,000. Hood River Capital Management LLC acquired a new stake in shares of Redwire during the second quarter valued at $36,206,000. Finally, Cooper Creek Partners Management LLC purchased a new stake in Redwire during the 2nd quarter worth about $32,652,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RDW. Truist Financial set a $13.00 price objective on Redwire in a report on Friday, January 9th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. KeyCorp initiated coverage on Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price target on shares of Redwire in a research note on Tuesday, December 23rd. Finally, Roth Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Redwire in a research note on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.13.

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.