Key Points
- Ae Red Holdings, LLC4,506,855 shares of Redwire across Jan. 6–8 for approximately $46.44 million; after the trades it still owns 82,759,684 shares (a ~1.04% reduction) valued at about $834.2 million.
- Redwire (NYSE:RDW) opened at $10.97 (up 6.8%), has a market cap of $1.81 billion, but reported a quarterly EPS miss, negative margins and a mixed analyst backdrop with an average rating of "Hold" and an average price target of $13.13.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 872,599 shares of Redwire stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.08, for a total transaction of $8,795,797.92. Following the completion of the sale, the director owned 82,759,684 shares of the company's stock, valued at $834,217,614.72. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The shares were sold at an average price of $10.27, for a total value of $18,200,422.11.
- On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total value of $19,439,937.72.
Redwire Trading Up 6.8%
RDW opened at $10.97 on Friday. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.66. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $6.95 and a 200-day simple moving average of $9.77. The firm has a market cap of $1.81 billion, a P/E ratio of -3.46 and a beta of 2.44.
Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $132.05 million. On average, equities analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.
Wall Street Analyst Weigh In
RDW has been the subject of several recent research reports. Truist Financial set a $13.00 price objective on shares of Redwire in a research note on Friday. Cantor Fitzgerald reduced their target price on shares of Redwire from $20.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, December 10th. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research report on Thursday, November 6th. Roth Capital restated a "buy" rating and issued a $15.00 price target on shares of Redwire in a research note on Thursday, November 6th. Finally, Bank of America cut their price objective on Redwire from $9.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $13.13.
Read Our Latest Stock Analysis on Redwire
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in Redwire during the 3rd quarter worth approximately $41,000. Russell Investments Group Ltd. raised its holdings in shares of Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company's stock valued at $44,000 after purchasing an additional 3,672 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Redwire during the 2nd quarter worth $54,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Redwire by 440.4% during 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. Finally, Strs Ohio acquired a new position in shares of Redwire during the first quarter worth $69,000. Hedge funds and other institutional investors own 8.10% of the company's stock.
Redwire Company Profile
(
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.
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