Seven Grand Managers LLC Takes $1.52 Million Position in Redwire Corporation $RDW

Seven Grand Managers LLC purchased a new position in Redwire Corporation (NYSE:RDW) in the 4th quarter, HoldingsChannel reports. The firm purchased 200,000 shares of the company’s stock, valued at approximately $1,520,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its position in Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after acquiring an additional 3,864 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Redwire in the third quarter worth about $41,000. Russell Investments Group Ltd. grew its position in Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after acquiring an additional 3,672 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after acquiring an additional 1,533 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after acquiring an additional 5,395 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

RDW has been the subject of several recent research reports. Truist Financial upgraded Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $13.00 price target on shares of Redwire in a research report on Sunday, May 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Redwire has a consensus rating of “Moderate Buy” and an average price target of $14.22.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 977,887 shares of Redwire stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the completion of the sale, the director owned 21,494,349 shares of the company’s stock, valued at approximately $227,195,268.93. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 23,327,795 shares of company stock worth $228,806,188 over the last ninety days. Insiders own 0.79% of the company’s stock.

Redwire Stock Performance

Redwire stock opened at $24.02 on Thursday. The company has a 50 day moving average price of $11.12 and a 200-day moving average price of $9.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $24.92. The company has a market capitalization of $4.61 billion, a PE ratio of -8.96 and a beta of 2.41.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company had revenue of $96.97 million for the quarter, compared to the consensus estimate of $105.94 million. During the same period in the prior year, the firm posted ($0.09) EPS. The business’s revenue was up 57.9% on a year-over-year basis. As a group, equities analysts forecast that Redwire Corporation will post -0.7 earnings per share for the current year.

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.