Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 2,255,356 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,255,356 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $10.83, for a total transaction of $24,425,505.48. Following the completion of the sale, the director directly owned 78,732,135 shares in the company, valued at approximately $852,669,022.05. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• 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 stock was 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 value of $19,439,937.72.

Redwire Stock Performance

RDW opened at $10.11 on Wednesday. The business’s 50-day simple moving average is $7.08 and its 200 day simple moving average is $9.59. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The firm has a market capitalization of $1.67 billion, a PE ratio of -3.19 and a beta of 2.44.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share 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 analyst estimates of $132.05 million. As a group, sell-side analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on RDW. Roth Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Redwire in a research note on Thursday, November 6th. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their price target on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after acquiring an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares during the period. Strs Ohio acquired a new stake in Redwire during the 1st quarter worth approximately $69,000. Harbor Investment Advisory LLC boosted its stake in Redwire by 70.8% in the 2nd quarter. Harbor Investment Advisory LLC now owns 20,500 shares of the company’s stock valued at $334,000 after purchasing an additional 8,500 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in Redwire in the 2nd quarter valued at $3,640,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.