Redwire Corporation (NYSE:RDW – Get Free Report) Director Ae Red Holdings, Llc sold 996,927 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $10.10, for a total value of $10,068,962.70. Following the completion of the sale, the director directly owned 43,743,726 shares in the company, valued at $441,811,632.60. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $814,003.19.
- On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The stock was sold at an average price of $10.06, for a total transaction of $976,483.96.
- On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $116,266.15.
- 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 transaction of $500,349.85.
- On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction 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 transaction of $131,487.98.
- On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total transaction 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 transaction of $14,590,841.12.
- On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was sold at an average price of $12.65, for a total transaction 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 value of $50,338,380.80.
Redwire Price Performance
RDW stock opened at $9.22 on Friday. The stock’s 50 day moving average price is $9.90 and its 200 day moving average price is $8.51. The firm has a market cap of $1.52 billion, a P/E ratio of -3.89 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. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $22.25.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Cantor Fitzgerald lowered their price target on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Finally, Truist Financial raised shares of Redwire from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a research note on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.89.
Check Out Our Latest Stock Report on Redwire
Hedge Funds Weigh In On Redwire
Several large investors have recently added to or reduced their stakes in RDW. Farther Finance Advisors LLC increased its holdings in shares of Redwire by 4.4% during the 4th quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock worth $159,000 after buying an additional 877 shares during the last quarter. Tower Research Capital LLC TRC raised 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 worth $102,000 after buying an additional 1,533 shares during the period. Jones Financial Companies Lllp boosted its holdings in 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 acquiring an additional 2,442 shares during the last quarter. Huntleigh Advisors Inc. grew its position in Redwire by 4.2% during the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock valued at $556,000 after acquiring an additional 2,488 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Redwire by 71.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock valued at $126,000 after acquiring an additional 3,213 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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