Bank of America Corp DE Acquires 1,073,126 Shares of Redwire Corporation $RDW

Key Points

• Bank of America acquired 1.07 million Redwire shares worth approximately $13.1 million in the second quarter, giving it a 0.43% stake. Other institutional investors also initiated or expanded positions, though institutional ownership remains relatively low at 8.1%.
• Redwire secured access to the Space Systems Command’s NITE-STAR contract vehicle, which has a potential ceiling of roughly $980 million through 2036. The award strengthens its defense-space pipeline, but the maximum value is not guaranteed revenue.
• Director Ae Red Holdings sold 929,435 shares for about $10.5 million, reducing its ownership by 86.26%. Redwire’s latest quarter exceeded revenue and EPS expectations, while analyst sentiment remains mixed with a consensus “Hold” rating and an average price target of $14.69.

Bank of America Corp DE acquired a new stake in shares of Redwire Corporation (NYSE:RDW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,073,126 shares of the company's stock, valued at approximately $13,124,000. Bank of America Corp DE owned about 0.43% of Redwire as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in Redwire during the 2nd quarter valued at $894,000. Hsbc Holdings PLC purchased a new position in Redwire during the second quarter valued at approximately $350,000. Legal & General Group Plc purchased a new stake in Redwire during the second quarter worth $1,763,000. The Manufacturers Life Insurance Company acquired a new stake in Redwire in the second quarter valued at approximately $1,303,000. Finally, Algert Global LLC increased its holdings in Redwire by 247.6% in the 2nd quarter. Algert Global LLC now owns 175,870 shares of the company's stock worth $2,151,000 after acquiring an additional 125,270 shares in the last quarter. Institutional investors own 8.10% of the company's stock.

Insider Buying and Selling

In other news, Director Ae Red Holdings, Llc sold 929,435 shares of the company's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $11.34, for a total transaction of $10,539,792.90. Following the sale, the director owned 147,984 shares of the company's stock, valued at approximately $1,678,138.56. This represents a 86.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.

Key Stories Impacting Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire was selected for the U.S. Space Systems Command’s NITE-STAR indefinite-delivery, indefinite-quantity contract, which has a maximum value of approximately $980 million and runs through 2036. The award gives Redwire access to future military space test and training opportunities and strengthens its government-contracting pipeline. The contract’s ceiling is not guaranteed revenue, but the selection is strategically significant. Redwire Selected for Space Systems Command’s $980 million NITE-STAR IDIQ Contract
• Positive Sentiment: The award places Redwire alongside Rocket Lab and Firefly Aerospace on a Space Force contract vehicle worth up to roughly $981 million, increasing its visibility in the expanding defense-space market and potentially creating long-term business development opportunities. Redwire, Rocket Lab, Firefly Split a $981 Million Space Force Pie
• Neutral Sentiment: Coverage comparing Redwire with Planet Labs highlights both companies’ satellite communications, spacecraft manufacturing and space-infrastructure capabilities, but does not establish a clear near-term earnings advantage for RDW. RDW vs. PL: Which Satellite Stock Has the Stronger Investment Case?
• Negative Sentiment: Director Ae Red Holdings sold 929,435 shares for approximately $10.5 million, reducing its position by 86.26%. While insider sales can reflect liquidity or portfolio decisions, the size of the transaction may be viewed as a negative confidence signal by investors. SEC insider transaction filing
• Negative Sentiment: Analysts warn that space suppliers remain dependent on launch schedules and rockets operated by other companies, creating timing and execution risks for revenue growth across the sector, including Redwire. Analysts Warn the Entire Space Trade Is Sitting in Neutral Waiting on One Rocket

Redwire Trading Up 0.2%

Shares of RDW stock opened at $11.62 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.92 and a quick ratio of 3.48. The firm has a market cap of $2.90 billion, a PE ratio of -7.96 and a beta of 3.08. The company has a 50-day moving average of $10.95 and a two-hundred day moving average of $11.74. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.64.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The firm had revenue of $117.07 million for the quarter, compared to analyst estimates of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. On average, analysts predict that Redwire Corporation will post -0.7 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on RDW. Cantor Fitzgerald increased their target price on Redwire from $9.00 to $13.50 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Bank of America boosted their price target on shares of Redwire from $7.00 to $8.00 and gave the stock an "underperform" rating in a research report on Monday, August 31st. Wall Street Zen raised shares of Redwire from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a report on Thursday, August 6th. Finally, Canaccord Genuity Group boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Redwire currently has a consensus rating of "Hold" and an average price target of $14.69.

Redwire Profile

Redwire Corporation is a space infrastructure and technology company that develops products and services for government, commercial and international space customers. Its capabilities support the design, manufacture and operation of spacecraft, space systems and related infrastructure across missions in low Earth orbit and beyond.

The company's offerings include digital engineering and mission-support services, spacecraft platforms, avionics, sensors, power systems, deployable structures and solar arrays.

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