Key Points
- Redwire director Ae Red Holdings sold 929,435 shares at an average price of $11.34, generating approximately $10.5 million and reducing its position by 86.26%.
- Redwire reported quarterly revenue of $117.07 million, above estimates, and an adjusted loss of $0.09 per share versus the expected $0.16 loss. Analysts project a full-year loss of approximately $0.70 per share.
- The company was selected for a U.S. Space Systems Command contract vehicle with a potential value of roughly $980 million, though the contract ceiling does not represent guaranteed revenue. Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $14.69.
Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 929,435 shares of the business's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $11.34, for a total transaction of $10,539,792.90. Following the sale, the director directly owned 147,984 shares of the company's stock, valued at approximately $1,678,138.56. The trade was a 86.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Redwire Price Performance
Shares of Redwire stock opened at $11.62 on Friday. Redwire Corporation has a one year low of $4.87 and a one year high of $26.64. The stock's fifty day moving average is $10.95 and its 200 day moving average is $11.74. The stock has a market cap of $2.90 billion, a P/E ratio of -7.96 and a beta of 3.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 3.92.
Redwire (NYSE:RDW - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%.The company had revenue of $117.07 million for the quarter, compared to the consensus estimate of $107.10 million. Sell-side analysts anticipate that Redwire Corporation will post -0.7 earnings per share for the current year.
Trending Headlines about Redwire
Here are the key news stories impacting Redwire this week:
- Positive Sentiment: Redwire was selected for the U.S. Space Systems Command’s NITE-STAR indefinite-delivery, indefinite-quantity contract, which has a maximum value of approximately $980 million and runs through 2036. The award gives Redwire access to future military space test and training opportunities and strengthens its government-contracting pipeline. The contract’s ceiling is not guaranteed revenue, but the selection is strategically significant. Redwire Selected for Space Systems Command’s $980 million NITE-STAR IDIQ Contract
- Positive Sentiment: The award places Redwire alongside Rocket Lab and Firefly Aerospace on a Space Force contract vehicle worth up to roughly $981 million, increasing its visibility in the expanding defense-space market and potentially creating long-term business development opportunities. Redwire, Rocket Lab, Firefly Split a $981 Million Space Force Pie
- Neutral Sentiment: Coverage comparing Redwire with Planet Labs highlights both companies’ satellite communications, spacecraft manufacturing and space-infrastructure capabilities, but does not establish a clear near-term earnings advantage for RDW. RDW vs. PL: Which Satellite Stock Has the Stronger Investment Case?
- Negative Sentiment: Director Ae Red Holdings sold 929,435 shares for approximately $10.5 million, reducing its position by 86.26%. While insider sales can reflect liquidity or portfolio decisions, the size of the transaction may be viewed as a negative confidence signal by investors. SEC insider transaction filing
- Negative Sentiment: Analysts warn that space suppliers remain dependent on launch schedules and rockets operated by other companies, creating timing and execution risks for revenue growth across the sector, including Redwire. Analysts Warn the Entire Space Trade Is Sitting in Neutral Waiting on One Rocket
Institutional Trading of Redwire
Several institutional investors have recently made changes to their positions in the business. Parvin Asset Management LLC raised its stake in Redwire by 6.9% during the 1st quarter. Parvin Asset Management LLC now owns 17,825 shares of the company's stock valued at $152,000 after purchasing an additional 1,150 shares during the period. Parallel Advisors LLC bought a new position in Redwire in the 1st quarter worth approximately $28,000. KBC Group NV bought a new stake in shares of Redwire during the first quarter valued at approximately $29,000. IFP Advisors Inc lifted its holdings in shares of Redwire by 3,662.5% in the second quarter. IFP Advisors Inc now owns 3,612 shares of the company's stock worth $44,000 after buying an additional 3,516 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on RDW. Canaccord Genuity Group boosted their price objective on Redwire from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Jefferies Financial Group set a $15.00 target price on shares of Redwire in a research note on Sunday, August 9th. Bank of America raised their target price on shares of Redwire from $7.00 to $8.00 and gave the stock an "underperform" rating in a research note on Monday, August 31st. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Redwire from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $14.69.
Read Our Latest Stock Report on RDW
About Redwire
(
Get Free Report)
Redwire Corporation is a space infrastructure and technology company that develops products and services for government, commercial and international space customers. Its capabilities support the design, manufacture and operation of spacecraft, space systems and related infrastructure across missions in low Earth orbit and beyond.
The company's offerings include digital engineering and mission-support services, spacecraft platforms, avionics, sensors, power systems, deployable structures and solar arrays.
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