Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 7,500,000 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 7,500,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total value of $68,625,000.00. Following the transaction, the director directly owned 36,135,217 shares in the company, valued at $330,637,235.55. The trade was a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The shares were sold at an average price of $9.45, for a total value of $23,625,000.00.
• 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 transaction of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total transaction of $10,068,962.70.
• 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 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 stock was 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 shares were 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 stock was sold at an average price of $11.12, for a total transaction of $14,590,841.12.

Redwire Stock Down 7.7%

Redwire stock opened at $8.19 on Friday. The business has a fifty day moving average of $9.70 and a two-hundred day moving average of $8.53. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.57 billion, a P/E ratio of -3.45 and a beta of 2.50. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25.

Redwire (NYSE:RDW) last announced its quarterly 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). The company had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $98.78 million. Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. On average, analysts forecast that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of recent research reports. Truist Financial upgraded shares of Redwire from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a report on Monday, March 9th. Jefferies Financial Group lowered their price target on shares of Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research report on Wednesday, January 28th. KeyCorp began coverage on shares of Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Finally, HC Wainwright reissued a “buy” rating and set a $22.00 target price on shares of Redwire in a research report on Tuesday, December 23rd. Eight investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.89.

Institutional Investors Weigh In On Redwire

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in shares of Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after acquiring an additional 3,396 shares during the last quarter. CWM LLC increased its holdings in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after acquiring an additional 3,864 shares in the last quarter. Rockefeller Capital Management L.P. raised its position 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 purchasing an additional 3,668 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Redwire in the 3rd quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. boosted its stake in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares in the last quarter. 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.