Ae Red Holdings, Llc Sells 1,070,565 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the transaction, the director owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, May 18th, Ae Red Holdings, Llc sold 15,247,586 shares of Redwire stock. The stock was sold at an average price of $13.75, for a total transaction of $209,654,307.50.
• On Wednesday, April 22nd, Ae Red Holdings, Llc sold 21,365,909 shares of Redwire stock. The shares were sold at an average price of $10.85, for a total transaction of $231,820,112.65.
• On Tuesday, April 21st, Ae Red Holdings, Llc sold 977,887 shares of Redwire stock. The shares were sold at an average price of $10.57, for a total transaction of $10,336,265.59.
• On Monday, April 20th, Ae Red Holdings, Llc sold 1,766,372 shares of Redwire stock. The shares were sold at an average price of $10.23, for a total transaction of $18,069,985.56.
• On Friday, April 17th, Ae Red Holdings, Llc sold 2,034,536 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $21,911,952.72.
• On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The shares were sold at an average price of $10.57, for a total transaction of $33,244,837.99.
• On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The shares were sold at an average price of $9.70, for a total transaction of $6,721,479.20.
• On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The shares were sold at an average price of $9.92, for a total transaction of $11,927,560.00.
• On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The shares were sold at an average price of $9.78, for a total transaction of $7,730,043.54.
• On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The shares were sold at an average price of $9.31, for a total transaction of $5,409,277.58.

Redwire Trading Down 11.8%

NYSE RDW opened at $15.08 on Friday. Redwire Corporation has a one year low of $4.87 and a one year high of $26.64. The company’s 50 day moving average price is $13.58 and its 200 day moving average price is $10.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -5.63 and a beta of 2.92.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The business had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 57.9% on a year-over-year basis. On average, sell-side analysts predict that Redwire Corporation will post -0.76 EPS for the current year.

Institutional Trading of Redwire

Several large investors have recently bought and sold shares of RDW. Parallel Advisors LLC acquired a new stake in shares of Redwire during the first quarter worth approximately $28,000. KBC Group NV acquired a new stake in shares of Redwire during the first quarter worth approximately $29,000. Sunbelt Securities Inc. grew its position 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 buying an additional 3,396 shares in the last quarter. CWM LLC grew its position in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after buying an additional 3,864 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Redwire by 1,054.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after buying an additional 3,668 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Trending Headlines about Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire was upgraded to hold by Jefferies, which can signal improving analyst confidence, even if the rating is still neutral. Jefferies upgrade to hold
• Neutral Sentiment: Investor attention on space stocks increased ahead of the SpaceX IPO, putting Redwire in the spotlight as a “picks and shovels” space infrastructure name. SpaceX prepares its IPO, Redwire stock in spotlight
• Neutral Sentiment: Redwire expanded its at-the-market equity program, which gives it more flexibility to raise capital but also raises dilution concerns for existing shareholders. Redwire Establishes Expanded At-The-Market Equity Program
• Negative Sentiment: A director, Ae Red Holdings, sold more than 1.07 million shares, a large reduction in ownership that may worry investors about insider confidence. SEC filing for director stock sale
• Negative Sentiment: Several recent articles questioned Redwire’s valuation and growth narrative, with one piece arguing expectations may be catching up to reality and another citing dilution concerns from the new $500 million ATM program. Redwire’s US$500 Million ATM Raises Dilution Questions
• Negative Sentiment: A short-seller attack on space stocks added pressure across the sector, which likely weighed on RDW alongside broader profit-taking in the group. Space Stocks Get Torched

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial raised shares of Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group increased their price objective on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Redwire presently has an average rating of “Moderate Buy” and a consensus price target of $15.44.

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.