Key Points
- Ae Red Holdings, LLC sold 2,500,000 shares of Redwire on March 25 at an average price of $9.45 for proceeds of $23.625 million, reducing its stake by 6.92% to 33,635,217 shares (valued ≈ $317.85M).
- The director has been executing a string of large sales since early February, totaling roughly 17.3 million shares for about $171 million in proceeds across multiple transactions.
- Redwire stock is trading down ~7.7%; the company missed EPS estimates (Q4 EPS -$0.35 vs. -$0.16), has negative margins, but revenue beat and analysts maintain a consensus "Moderate Buy" with an average target of $13.89.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 2,500,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $9.45, for a total transaction of $23,625,000.00. Following the sale, the director directly owned 33,635,217 shares of the company's stock, valued at approximately $317,852,800.65. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00.
- On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $814,003.19.
- On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $10,068,962.70.
- On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total value of $976,483.96.
- On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $116,266.15.
- On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $500,349.85.
- On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
- On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $131,487.98.
- On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $37,532,847.56.
- On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12.
Redwire Trading Down 7.7%
Shares of RDW opened at $8.19 on Friday. The business's 50-day moving average price is $9.70 and its 200 day moving average price is $8.54. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.57 billion, a P/E ratio of -3.45 and a beta of 2.50. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $22.25.
Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) 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 firm had revenue of $108.79 million for the quarter, compared to analysts' expectations of $98.78 million. Analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on RDW. Roth Mkm reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Redwire in a research note on Wednesday, January 28th. Truist Financial upgraded Redwire from a "hold" rating to a "buy" rating and increased their target price for the company from $13.00 to $15.00 in a report on Monday, March 9th. Cantor Fitzgerald decreased their target price on Redwire from $20.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday, December 10th. Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th. Finally, KeyCorp began coverage on Redwire in a research report on Thursday, December 18th. They set a "sector weight" rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Redwire presently has an average rating of "Moderate Buy" and an average target price of $13.89.
View Our Latest Research Report on RDW
Institutional Investors Weigh In On Redwire
Several institutional investors have recently made changes to their positions in RDW. Sunbelt Securities Inc. grew its stake in shares of Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after buying an additional 3,396 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company's stock worth $31,000 after buying an additional 3,668 shares during the last quarter. CWM LLC raised its position in Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company's stock valued at $31,000 after acquiring an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Redwire in the third quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. lifted its stake in Redwire by 308.6% in the third 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 during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.
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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