Redwire (NYSE:RDW) Director Sells $500,349.85 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 49,985 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $10.01, for a total value of $500,349.85. Following the transaction, the director directly owned 45,094,000 shares in the company, valued at $451,390,940. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total transaction of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The shares were sold at an average price of $11.12, for a total transaction of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was sold at an average price of $12.65, for a total transaction of $19,609,764.35.
• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The stock was sold at an average price of $12.80, for a total transaction of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were sold at an average price of $13.29, for a total value of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was 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 stock was sold at an average price of $10.34, for a total value of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total value of $30,928,370.55.

Redwire Stock Up 1.6%

Shares of RDW stock opened at $8.02 on Friday. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.27. The firm has a market capitalization of $1.32 billion, a PE ratio of -2.53 and a beta of 2.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The stock’s 50-day simple moving average is $9.43 and its 200-day simple moving average is $8.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RDW. CWM LLC lifted its holdings in Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Redwire during the 3rd quarter worth about $41,000. Russell Investments Group Ltd. raised its position in shares of Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after buying an additional 5,395 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Redwire in the 1st quarter worth about $69,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RDW has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. iA Financial set a $9.00 target price on Redwire in a report on Thursday, November 6th. Zacks Research cut Redwire from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Truist Financial set a $13.00 price objective on Redwire in a research report on Friday, January 9th. Finally, Cantor Fitzgerald dropped their price objective on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.