Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 11,615 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 11,615 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $10.01, for a total value of $116,266.15. Following the completion of the transaction, the director directly owned 44,837,719 shares in the company, valued at $448,825,567.19. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total value of $976,483.96.
• 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 stock was 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 value 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 value 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 value 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.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The stock was sold at an average price of $13.29, for a total transaction of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total transaction of $133,021,738.33.

Redwire Price Performance

Shares of NYSE RDW traded up $0.56 during trading on Tuesday, reaching $10.10. The company had a trading volume of 18,221,940 shares, compared to its average volume of 25,246,762. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $22.25. The stock has a market cap of $1.67 billion, a PE ratio of -4.26 and a beta of 2.50. 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 business’s 50 day moving average price is $9.96 and its 200-day moving average price is $8.49.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RDW. Sunbelt Securities Inc. increased its stake in Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after purchasing an additional 3,396 shares in the last quarter. CWM LLC boosted its position in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after buying an additional 3,668 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire in the 3rd quarter valued at about $41,000. Finally, Russell Investments Group Ltd. increased its position in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after buying an additional 3,672 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Jefferies Financial Group dropped 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. Truist Financial upgraded shares of Redwire from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $15.00 in a research report on Monday, March 9th. Bank of America reduced their target price on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.89.

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.