Key Points
- Ae Red Holdings, LLC (a Redwire director) sold 692,936 shares on April 15 at $9.70 as part of a broader selling program that totaled 15,392,178 shares sold from March 16–April 15 for about $145.1 million.
- After the transactions the director still owns 29,418,351 shares (valued at roughly $285.36 million), a reported 2.30% decrease in their position.
- Redwire’s stock is up 13.8% with a market cap of $2.16 billion, but the company posted negative EPS and margins; analysts have a consensus rating of Moderate Buy with an average price target of $13.89.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 692,936 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $9.70, for a total value of $6,721,479.20. Following the sale, the director directly owned 29,418,351 shares in the company, valued at $285,358,004.70. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The stock was sold at an average price of $9.92, for a total value of $11,927,560.00.
- On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The stock was sold at an average price of $9.78, for a total value of $7,730,043.54.
- On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The stock was sold at an average price of $9.31, for a total value of $5,409,277.58.
- On Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The stock was sold at an average price of $9.37, for a total value of $5,081,988.16.
- On Wednesday, April 8th, Ae Red Holdings, Llc sold 407,776 shares of Redwire stock. The stock was sold at an average price of $10.17, for a total value of $4,147,081.92.
- On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The stock was sold at an average price of $9.45, for a total value of $23,625,000.00.
- 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 value of $68,625,000.00.
- On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was 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 stock was 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 stock was sold at an average price of $10.06, for a total value of $976,483.96.
Redwire Stock Up 13.8%
NYSE RDW opened at $11.28 on Friday. The business has a fifty day moving average price of $9.16 and a two-hundred day moving average price of $8.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.27. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $22.25. The stock has a market capitalization of $2.16 billion, a PE ratio of -4.76 and a beta of 2.49.
Redwire (NYSE:RDW - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The business had revenue of $108.79 million for the quarter, compared to the consensus estimate of $98.78 million. Equities analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on RDW shares. Roth Mkm restated a "buy" rating and set a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. Jefferies Financial Group cut their target price on Redwire from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 11th. KeyCorp started coverage on Redwire in a research note on Thursday, December 18th. They set a "sector weight" rating for the company. Finally, Canaccord Genuity Group increased their price target on Redwire from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.89.
Get Our Latest Analysis on RDW
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after purchasing an additional 3,396 shares during the period. 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 valued at $31,000 after purchasing an additional 3,668 shares during the period. CWM LLC increased its holdings in Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company's stock valued at $31,000 after purchasing an additional 3,864 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Redwire in the third quarter valued at $41,000. Finally, Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 3,672 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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