Deutsche Bank AG Makes New $2.53 Million Investment in Redwire Corporation $RDW

Deutsche Bank AG acquired a new stake in shares of Redwire Corporation (NYSE:RDW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 206,774 shares of the company’s stock, valued at approximately $2,529,000.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new position in Redwire in the 1st quarter worth $28,000. KBC Group NV purchased a new stake in Redwire during the 1st quarter valued at about $29,000. Sunbelt Securities Inc. grew its stake in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after purchasing an additional 3,396 shares during the last quarter. CWM LLC increased its holdings in shares of Redwire by 1,725.0% in 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 during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the period. 8.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the transaction, the director directly owned 1,077,419 shares in the company, valued at $23,142,960.12. The trade was a 49.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Canaccord Genuity Group lifted their target price on Redwire from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group set a $15.00 price target on shares of Redwire in a report on Sunday, August 9th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Redwire from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial raised shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.44.

Redwire Trading Up 0.2%

Shares of Redwire stock opened at $11.29 on Friday. The stock has a market cap of $2.82 billion, a P/E ratio of -7.74 and a beta of 3.05. The stock’s 50 day simple moving average is $10.96 and its 200-day simple moving average is $11.43. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.92 and a quick ratio of 3.48.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company had revenue of $117.07 million during the quarter, compared to analysts’ expectations of $107.10 million. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%. Analysts predict that Redwire Corporation will post -0.68 EPS for the current fiscal 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.