Deutsche Bank AG Purchases Shares of 206,774 Redwire Corporation $RDW

Deutsche Bank AG purchased a new position in Redwire Corporation (NYSE:RDW - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 206,774 shares of the company's stock, valued at approximately $2,529,000. Deutsche Bank AG owned 0.09% of Redwire at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in shares of Redwire in the 1st quarter valued at approximately $28,000. KBC Group NV purchased a new position in shares of Redwire during the 1st quarter worth about $29,000. Sunbelt Securities Inc. grew its holdings 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. Rockefeller Capital Management L.P. grew its holdings 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 purchasing an additional 3,668 shares during the last quarter. Finally, CWM LLC raised its position in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company's stock worth $31,000 after purchasing an additional 3,864 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RDW. Wall Street Zen upgraded Redwire from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Cantor Fitzgerald increased their price target on Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $15.00 price target on Redwire in a research note on Sunday, August 9th. Canaccord Genuity Group boosted their price objective on Redwire from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Truist Financial raised shares of Redwire to a "strong-buy" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.44.

Redwire Stock Performance

Shares of RDW stock opened at $11.29 on Friday. The business's fifty day simple moving average is $10.96 and its 200-day simple moving average is $11.43. The company has a market cap of $2.82 billion, a PE ratio of -7.74 and a beta of 3.05. The company has a current ratio of 3.92, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $26.64.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.07. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%.The firm had revenue of $117.07 million during the quarter, compared to analysts' expectations of $107.10 million. Analysts expect that Redwire Corporation will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the sale, the director owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company's stock.

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.

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