Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 2,034,536 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $10.77, for a total value of $21,911,952.72. Following the transaction, the director owned 24,238,608 shares in the company, valued at $261,049,808.16. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The shares were sold at an average price of $10.57, for a total value of $33,244,837.99.
- On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The shares were sold at an average price of $9.70, for a total transaction of $6,721,479.20.
- 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 transaction 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 transaction 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 transaction of $5,409,277.58.
- On Thursday, April 9th, Ae Red Holdings, Llc sold 542,368 shares of Redwire stock. The shares were sold at an average price of $9.37, for a total transaction 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 transaction 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 transaction of $23,625,000.00.
- On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The shares were 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 transaction of $814,003.19.
Redwire Stock Down 1.5%
Shares of NYSE RDW opened at $10.19 on Tuesday. The stock has a market capitalization of $1.96 billion, a PE ratio of -4.30 and a beta of 2.49. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $9.16 and a 200-day moving average of $8.63. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25.
Redwire (NYSE:RDW - Get Free Report) last issued 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 firm had revenue of $108.79 million during the quarter, compared to analysts' expectations of $98.78 million. On average, analysts anticipate that Redwire Corporation will post -0.44 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Canaccord Genuity Group raised their price objective on Redwire from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research report on Thursday, January 22nd. HC Wainwright restated a "buy" rating and issued a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Finally, Jefferies Financial Group reduced their price target 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. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Redwire has an average rating of "Moderate Buy" and an average price target of $13.89.
Get Our Latest Stock Analysis on Redwire
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of Redwire by 4.4% during the fourth quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company's stock worth $159,000 after purchasing an additional 877 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock valued at $102,000 after buying an additional 1,533 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Redwire by 24.0% in the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company's stock valued at $111,000 after buying an additional 2,442 shares in the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of Redwire by 4.2% during the 3rd quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company's stock valued at $556,000 after buying an additional 2,488 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Redwire by 12.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company's stock worth $495,000 after acquiring an additional 3,248 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other 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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