Redwire Corporation $RDW Shares Acquired by AE Industrial Partners LP

AE Industrial Partners LP lifted its holdings in shares of Redwire Corporation (NYSE:RDW) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,598,704 shares of the company’s stock after acquiring an additional 6,101,959 shares during the period. Redwire accounts for approximately 41.5% of AE Industrial Partners LP’s investment portfolio, making the stock its 2nd biggest holding. AE Industrial Partners LP owned approximately 63.59% of Redwire worth $823,472,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Canal Insurance CO acquired a new position in shares of Redwire in the 2nd quarter valued at $3,260,000. Register Financial Advisors LLC boosted its stake in Redwire by 46.8% in the third quarter. Register Financial Advisors LLC now owns 327,900 shares of the company’s stock valued at $2,948,000 after acquiring an additional 104,597 shares in the last quarter. Voya Investment Management LLC purchased a new position in shares of Redwire during the third quarter worth about $20,372,000. Andar Capital Management HK Ltd increased its position in shares of Redwire by 76.5% during the third quarter. Andar Capital Management HK Ltd now owns 300,000 shares of the company’s stock worth $2,697,000 after purchasing an additional 130,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Redwire by 77.1% in the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company’s stock valued at $15,248,000 after purchasing an additional 407,131 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America dropped their price target on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 19th. KeyCorp initiated coverage on shares of Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. iA Financial set a $9.00 price target on shares of Redwire in a research report on Thursday, November 6th. Canaccord Genuity Group lowered their price objective on shares of Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Finally, Zacks Research lowered shares of Redwire from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.75.

Insiders Place Their Bets

In other news, Director Ae Red Holdings, Llc sold 49,985 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85. Following the completion of the transaction, the director directly owned 45,094,000 shares of the company’s stock, valued at approximately $451,390,940. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 40,400,346 shares of company stock valued at $453,127,301. 2.60% of the stock is currently owned by insiders.

Redwire Stock Down 0.4%

Shares of NYSE:RDW opened at $7.99 on Wednesday. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $25.83. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $9.46 and its 200-day simple moving average is $8.61. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -2.52 and a beta of 2.45.

Redwire Profile

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.