Key Points
- Redwire director Ae Red Holdings sold 1,070,565 shares on June 11 for about $22.996 million at an average price of $21.48, cutting its ownership by nearly half. The sale was disclosed in an SEC filing.
- The insider selling is part of a broader pattern: Ae Red Holdings has sold large blocks of Redwire shares repeatedly in recent months, including trades worth more than $200 million in May and April.
- Redwire recently reported weaker-than-expected quarterly results, with a loss of $0.40 per share and revenue of $96.97 million, missing analyst estimates. Despite that, revenue was up 57.9% year over year, and analysts currently rate the stock a Moderate Buy with a $15.44 target price.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 1,070,565 shares of Redwire stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the transaction, the director owned 1,077,419 shares of the company's stock, valued at $23,142,960.12. This represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Monday, May 18th, Ae Red Holdings, Llc sold 15,247,586 shares of Redwire stock. The shares were sold at an average price of $13.75, for a total transaction of $209,654,307.50.
- On Wednesday, April 22nd, Ae Red Holdings, Llc sold 21,365,909 shares of Redwire stock. The shares were sold at an average price of $10.85, for a total transaction of $231,820,112.65.
- On Tuesday, April 21st, Ae Red Holdings, Llc sold 977,887 shares of Redwire stock. The shares were sold at an average price of $10.57, for a total transaction of $10,336,265.59.
- On Monday, April 20th, Ae Red Holdings, Llc sold 1,766,372 shares of Redwire stock. The shares were sold at an average price of $10.23, for a total transaction of $18,069,985.56.
- On Friday, April 17th, Ae Red Holdings, Llc sold 2,034,536 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total value of $21,911,952.72.
- On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The stock was 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 stock was sold at an average price of $9.70, for a total value 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 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.
Redwire Stock Performance
Shares of Redwire stock opened at $15.08 on Friday. The company has a market cap of $2.89 billion, a PE ratio of -5.63 and a beta of 2.92. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.64. The business has a 50 day moving average price of $13.58 and a 200-day moving average price of $10.50. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08.
Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The company had revenue of $96.97 million during the quarter, compared to analysts' expectations of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The business's revenue for the quarter was up 57.9% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. Equities analysts anticipate that Redwire Corporation will post -0.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Redwire
Several institutional investors have recently modified their holdings of RDW. Bank of America Corp DE grew its holdings in shares of Redwire by 7,512.5% in the first quarter. Bank of America Corp DE now owns 6,820,003 shares of the company's stock valued at $57,970,000 after acquiring an additional 6,730,414 shares in the last quarter. AE Industrial Partners LP grew its holdings in shares of Redwire by 7.1% in the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company's stock valued at $823,472,000 after acquiring an additional 6,101,959 shares in the last quarter. State Street Corp grew 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 period. UBS Group AG grew its holdings in Redwire by 140.8% during the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company's stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Redwire during the fourth quarter valued at $7,676,000. 8.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on RDW. Truist Financial raised Redwire to a "strong-buy" rating in a research note on Friday, May 1st. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Redwire in a report on Tuesday, April 21st. Jefferies Financial Group raised Redwire to a "hold" rating in a report on Wednesday. Finally, Zacks Research raised Redwire from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.44.
Check Out Our Latest Stock Report on RDW
More Redwire News
Here are the key news stories impacting Redwire this week:
- Positive Sentiment: Redwire was upgraded to hold by Jefferies, which can signal improving analyst confidence, even if the rating is still neutral. Jefferies upgrade to hold
- Neutral Sentiment: Investor attention on space stocks increased ahead of the SpaceX IPO, putting Redwire in the spotlight as a “picks and shovels” space infrastructure name. SpaceX prepares its IPO, Redwire stock in spotlight
- Neutral Sentiment: Redwire expanded its at-the-market equity program, which gives it more flexibility to raise capital but also raises dilution concerns for existing shareholders. Redwire Establishes Expanded At-The-Market Equity Program
- Negative Sentiment: A director, Ae Red Holdings, sold more than 1.07 million shares, a large reduction in ownership that may worry investors about insider confidence. SEC filing for director stock sale
- Negative Sentiment: Several recent articles questioned Redwire’s valuation and growth narrative, with one piece arguing expectations may be catching up to reality and another citing dilution concerns from the new $500 million ATM program. Redwire's US$500 Million ATM Raises Dilution Questions
- Negative Sentiment: A short-seller attack on space stocks added pressure across the sector, which likely weighed on RDW alongside broader profit-taking in the group. Space Stocks Get Torched
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.
Featured Articles

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].