Bank of New York Mellon Corp Boosts Holdings in Redwire Corporation $RDW

Key Points

• Bank of New York Mellon increased its Redwire position by 58% in the first quarter, holding 267,174 shares valued at approximately $2.27 million. Institutional investors and hedge funds collectively own 8.10% of RDW.
• Redwire reported strong second-quarter results, with revenue up 89.6% year over year to $117.1 million and an adjusted loss of $0.09 per share, beating analyst expectations. Contracted backlog reached a record $542.1 million, while the company reaffirmed its 2026 revenue outlook of $450 million to $500 million.
• Analyst sentiment has improved, including Cantor Fitzgerald raising its price target to $13.50 and Truist upgrading the stock to “strong buy,” though Redwire remains unprofitable and a major director sale could weigh on investor sentiment.

Bank of New York Mellon Corp raised its position in Redwire Corporation (NYSE:RDW - Free Report) by 58.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,174 shares of the company's stock after acquiring an additional 98,122 shares during the period. Bank of New York Mellon Corp owned approximately 0.14% of Redwire worth $2,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in shares of Redwire during the 1st quarter valued at $188,000. Griffin Asset Management Inc. purchased a new stake in shares of Redwire during the first quarter worth about $183,000. Capelight Capital Asset Management LP grew its stake in shares of Redwire by 14.3% during the first quarter. Capelight Capital Asset Management LP now owns 200,000 shares of the company's stock worth $1,700,000 after acquiring an additional 25,000 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of Redwire during the first quarter valued at about $114,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Redwire during the first quarter valued at about $473,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Record Q2 results exceeded expectations. Revenue rose 89.6% year over year to $117.1 million, topping the $107.1 million consensus estimate, while the $0.09 per-share loss was narrower than analysts expected. Gross margin reached a record 27.8%, and the net loss improved to $41 million from $97 million a year earlier. Redwire Second-Quarter 2026 Financial Results
• Positive Sentiment: Backlog and liquidity support future growth. Contracted backlog reached a record $542.1 million, the quarterly book-to-bill ratio was 1.42, and total liquidity stood at $607.8 million. Redwire reaffirmed its 2026 revenue outlook of $450 million to $500 million, broadly consistent with consensus. Redwire Q2 Revenue and Backlog Update
• Positive Sentiment: New commercial space-pharmaceutical opportunity. Redwire’s SpaceMD announced its first commercial mission aboard SpaceX’s Starfall spacecraft, aimed at scaling in-space pharmaceutical development. The announcement expands Redwire’s potential commercial applications beyond government and defense contracts. SpaceMD Commercial Mission Announcement
• Positive Sentiment: Analyst support added to the momentum. Cantor Fitzgerald forecast substantial potential appreciation for RDW, reinforcing the favorable reaction to the earnings report. Cantor Fitzgerald Redwire Forecast
• Negative Sentiment: Profitability remains a concern. Redwire still reported a sizable net loss and negative adjusted EBITDA, and its full-year outlook does not yet imply near-term profitability. Reported insider activity also shows substantial selling, which could weigh on sentiment despite the improving operating results. Redwire Insider Activity and Q2 Metrics

Analyst Upgrades and Downgrades

RDW has been the subject of a number of recent analyst reports. Cantor Fitzgerald lifted their target price on shares of Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Redwire from a "sell" rating to a "hold" rating in a research note on Saturday. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a report on Thursday. Truist Financial upgraded shares of Redwire to a "strong-buy" rating in a research note on Friday, May 1st. Finally, Canaccord Genuity Group boosted their price objective on shares of Redwire from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Redwire presently has an average rating of "Hold" and an average target price of $14.31.

Insider Activity

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by company insiders.

Redwire Price Performance

Shares of NYSE:RDW opened at $13.56 on Monday. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.64. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.24 billion, a PE ratio of -9.29 and a beta of 3.05. The company's 50 day moving average is $12.22 and its 200 day moving average is $11.32.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $117.07 million during the quarter, compared to analysts' expectations of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 12.65%. On average, sell-side analysts forecast that Redwire Corporation will post -0.88 EPS for the current year.

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.

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