Redwire (NYSE:RDW) Director Sells $23,625,000.00 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $9.45, for a total value of $23,625,000.00. Following the sale, the director directly owned 33,635,217 shares in the company, valued at approximately $317,852,800.65. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The shares were sold at an average price of $9.15, for a total transaction of $68,625,000.00.
• On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total transaction of $814,003.19.
• On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total transaction of $10,068,962.70.
• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The stock was sold at an average price of $10.06, for a total transaction of $976,483.96.
• On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $116,266.15.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value 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 value 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 value of $14,590,841.12.

Redwire Stock Down 6.0%

Redwire stock opened at $7.67 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. Redwire Corporation has a one year low of $4.87 and a one year high of $22.25. The company has a 50-day simple moving average of $9.62 and a 200-day simple moving average of $8.53. The firm has a market capitalization of $1.47 billion, a P/E ratio of -3.24 and a beta of 2.50.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The firm had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. As a group, equities analysts expect that Redwire Corporation will post -0.85 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on RDW shares. KeyCorp assumed coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Jefferies Financial Group cut their price objective on shares of Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Redwire in a report on Wednesday, January 28th. Truist Financial upgraded shares of Redwire from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.89.

Institutional Investors Weigh In On Redwire

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its position in Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after buying an additional 3,396 shares during the period. CWM LLC boosted its position in Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after acquiring an additional 3,864 shares during the period. Rockefeller Capital Management L.P. grew its stake in Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after acquiring an additional 3,668 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Redwire during the 3rd quarter valued at about $41,000. Finally, Russell Investments Group Ltd. grew its stake in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after acquiring an additional 3,672 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

About Redwire

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.