Redwire (NYSE:RDW) Director Sells $50,338,380.80 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,932,686 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $12.80, for a total value of $50,338,380.80. Following the completion of the transaction, the director directly owned 52,760,700 shares of the company’s stock, valued at $675,336,960. This represents a 6.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total value of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total value of $30,928,370.55.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The stock was 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 shares were sold at an average price of $10.08, for a total transaction 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 transaction of $19,439,937.72.

Redwire Stock Performance

RDW stock opened at $11.73 on Monday. The firm has a market cap of $1.94 billion, a PE ratio of -3.70 and a beta of 2.44. 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 50-day moving average price of $8.63 and a 200-day moving average price of $9.19. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%.The company had revenue of $103.43 million for the quarter, compared to the consensus estimate of $132.05 million. As a group, equities research analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on RDW. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Canaccord Genuity Group cut their price objective on shares of Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Bank of America reduced their target price on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Redwire currently has a consensus rating of “Hold” and a consensus price target of $13.75.

Institutional Investors Weigh In On Redwire

Institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp boosted its position in Redwire by 50.3% during the fourth quarter. Sigma Planning Corp now owns 17,079 shares of the company’s stock worth $130,000 after purchasing an additional 5,715 shares during the period. Pekin Hardy Strauss Inc. bought a new position in Redwire in the 4th quarter worth approximately $76,000. Wealthfront Advisers LLC bought a new position in Redwire in the 4th quarter worth approximately $90,000. UBS Group AG grew its stake in Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after buying an additional 1,192,885 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Redwire by 36.6% during the 4th quarter. Arizona State Retirement System now owns 20,163 shares of the company’s stock valued at $153,000 after acquiring an additional 5,397 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.