Key Points
- Director Ae Red Holdings sold 1,862,063 shares of Redwire on Jan. 6 at an average price of $10.44 for about $19.44 million, reducing its stake by 2.18% to 83,632,283 shares; the transaction was disclosed in an SEC filing.
- Redwire recently reported (-$0.29) EPS, missing the consensus by $0.15 and posting $103.43 million in revenue versus an expected $132.05 million, and the company has deep negative margins and ROE; the stock trades near $9.88 with a market cap around $1.63 billion and a 12‑month range of $4.87–$26.66.
- Analyst coverage is mixed — six Buys, three Holds and two Sells — with a consensus rating of Hold and an average price target of $12.50 after several recent target reductions and reiterations.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 1,862,063 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $10.44, for a total transaction of $19,439,937.72. Following the completion of the transaction, the director owned 83,632,283 shares of the company's stock, valued at $873,121,034.52. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Redwire Price Performance
Shares of NYSE:RDW opened at $9.88 on Thursday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -3.12 and a beta of 2.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The stock's 50 day moving average price is $6.84 and its 200 day moving average price is $9.80.
Redwire (NYSE:RDW - Get Free Report) last issued its quarterly 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 net margin of 70.32% and a negative return on equity of 16.24%. The firm had revenue of $103.43 million for the quarter, compared to analyst estimates of $132.05 million. Equities research analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on RDW. Cantor Fitzgerald reduced their price objective on shares of Redwire from $20.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday, December 10th. HC Wainwright restated a "buy" rating and set a $22.00 target price on shares of Redwire in a report on Tuesday, December 23rd. KeyCorp began coverage on Redwire in a report on Thursday, December 18th. They issued a "sector weight" rating on the stock. Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Truist Financial decreased their target price on Redwire from $11.00 to $8.00 and set a "hold" rating on the stock in a report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.50.
Read Our Latest Research Report on RDW
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new position in Redwire during the second quarter valued at $54,000. Abich Financial Wealth Management LLC acquired a new stake in Redwire during the 3rd quarter worth about $41,000. Russell Investments Group Ltd. grew its stake in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company's stock valued at $44,000 after acquiring an additional 3,672 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings 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 valued at $102,000 after purchasing an additional 1,533 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company's stock worth $60,000 after purchasing an additional 5,395 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.
About Redwire
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
