Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 11,615 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $10.01, for a total value of $116,266.15. Following the transaction, the director owned 44,837,719 shares in the company, valued at approximately $448,825,567.19. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The stock was sold at an average price of $10.06, for a total transaction of $976,483.96.
- On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $500,349.85.
- On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction of $13,993,620.70.
- On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $131,487.98.
- On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $37,532,847.56.
- On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The shares were sold at an average price of $11.12, for a total transaction of $14,590,841.12.
- On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was sold at an average price of $12.65, for a total transaction of $19,609,764.35.
- On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The stock was sold at an average price of $12.80, for a total value of $50,338,380.80.
- On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43.
- On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33.
Redwire Stock Performance
Shares of Redwire stock opened at $10.10 on Wednesday. The business's fifty day simple moving average is $9.95 and its 200 day simple moving average is $8.50. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $22.25. The firm has a market capitalization of $1.67 billion, a P/E ratio of -4.26 and a beta of 2.50.
Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The business had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. As a group, analysts anticipate that Redwire Corporation will post -0.85 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Roth Mkm reissued a "buy" rating and issued a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Jefferies Financial Group lowered their price objective on shares of Redwire from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Canaccord Genuity Group boosted their target price on shares of Redwire from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research report on Thursday, January 22nd. Finally, HC Wainwright restated a "buy" rating and set a $22.00 price target on shares of Redwire in a research note on Tuesday, December 23rd. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.89.
Get Our Latest Report on RDW
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. AE Industrial Partners LP increased its holdings in Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company's stock worth $823,472,000 after acquiring an additional 6,101,959 shares during the last quarter. State Street Corp lifted its holdings in Redwire by 61.1% during the fourth quarter. State Street Corp now owns 4,708,600 shares of the company's stock valued at $35,785,000 after purchasing an additional 1,786,038 shares during the last quarter. Vanguard Group Inc. boosted its position in Redwire by 2.9% during the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company's stock worth $29,153,000 after purchasing an additional 91,045 shares during the period. Voya Investment Management LLC bought a new position in Redwire during the third quarter worth about $20,372,000. Finally, Hood River Capital Management LLC purchased a new position in shares of Redwire in the second quarter worth about $36,206,000. 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 Stories
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].
