Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 3,932,686 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,932,686 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80. Following the completion of the transaction, the director directly owned 52,760,700 shares of the company’s stock, valued at $675,336,960. This represents a 6.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The stock was sold at an average price of $13.29, for a total transaction of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The shares were sold at an average price of $10.34, for a total transaction of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The stock was sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The shares were sold at an average price of $10.83, for a total transaction of $24,425,505.48.
• On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The shares were sold at an average price of $10.27, for a total transaction of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total value of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total value of $19,439,937.72.

Redwire Price Performance

NYSE:RDW traded down $1.08 during mid-day trading on Friday, reaching $11.73. The stock had a trading volume of 42,490,083 shares, compared to its average volume of 35,603,438. The stock has a market capitalization of $1.94 billion, a PE ratio of -3.70 and a beta of 2.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The stock has a 50-day simple moving average of $8.50 and a two-hundred day simple moving average of $9.34. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%.The business had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. On average, equities analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current year.

Institutional Investors Weigh In On Redwire

Several large investors have recently modified their holdings of RDW. Farther Finance Advisors LLC raised its stake in shares of Redwire by 4.4% in the fourth quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock valued at $159,000 after buying an additional 877 shares during the period. Tower Research Capital LLC TRC raised its position in Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Redwire by 10.4% in the second quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock worth $302,000 after buying an additional 1,751 shares in the last quarter. Jones Financial Companies Lllp raised its position in Redwire by 24.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock worth $111,000 after purchasing an additional 2,442 shares during the period. Finally, Huntleigh Advisors Inc. lifted its stake in shares of Redwire by 4.2% in the 3rd quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock valued at $556,000 after acquiring an additional 2,488 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on RDW. Industrial Alliance Securities set a $9.00 price objective on shares of Redwire in a research report on Thursday, November 6th. KeyCorp began coverage on shares of Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Redwire currently has a consensus rating of “Hold” and a consensus target price of $13.75.

Redwire Company 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.