Key Points
- Ae Red Holdings, LLC sold ~9.63 million Redwire shares across Jan. 6–12 (including a 2,255,356-share sale on Jan. 9), generating roughly $101.8 million in proceeds; after the Jan. 9 transaction the director still held 78,732,135 shares (a 2.78% ownership decline).
- Redwire shares fell about 5.2%, opening at $10.11, while the company reported a quarterly EPS miss and negative margins; the stock has a $1.67 billion market cap and a consensus analyst rating of “Hold” with an average price target of $13.13.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 2,255,356 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 Trading Down 5.2%
Shares of NYSE: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 1 year low of $4.87 and a 1 year high of $26.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company has a market capitalization of $1.67 billion, a P/E ratio of -3.19 and a beta of 2.44.
Redwire (NYSE:RDW - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.15). The company had revenue of $103.43 million for the quarter, compared to the consensus estimate of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. On average, research analysts anticipate that Redwire Corporation will post -0.85 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on RDW. Roth Capital restated a "buy" rating and issued a $15.00 target price on shares of Redwire in a research report on Thursday, November 6th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Thursday, November 6th. Bank of America cut their target price on Redwire from $9.00 to $6.00 and set an "underperform" rating for the company in a research note on Wednesday, November 19th. Truist Financial set a $13.00 price target on Redwire in a research note on Friday. Finally, Cantor Fitzgerald lowered their price target on Redwire from $20.00 to $9.00 and set an "overweight" rating for the company in a report on Wednesday, December 10th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.13.
Get Our Latest Stock Report on RDW
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Sage Advisors LLC acquired a new stake in shares of Redwire during the 4th quarter valued at $79,000. SG Americas Securities LLC raised its position in Redwire by 184.2% in the fourth quarter. SG Americas Securities LLC now owns 66,619 shares of the company's stock valued at $506,000 after purchasing an additional 43,182 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Redwire by 2,556.0% during the third quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company's stock valued at $5,190,000 after purchasing an additional 555,536 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Redwire by 24.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,994 shares of the company's stock valued at $207,000 after buying an additional 4,591 shares during the period. 8.10% of the stock is currently owned by institutional investors.
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.
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