Register Financial Advisors LLC Buys 104,597 Shares of Redwire Corporation $RDW

Key Points

• Register Financial Advisors increased its stake in Redwire by 46.8%, buying 104,597 shares to own 327,900 shares worth about $2.95 million, making RDW its 18th largest holding.
• Major insider activity included Director Ae Red Holdings selling 12,656,683 shares for roughly $133 million (a 17.06% reduction), while insiders overall sold far more than they bought last quarter.
• Analyst sentiment is mixed with a consensus "Hold" rating and a $13.13 target, as Redwire recently missed earnings (EPS -$0.29 vs. -$0.14 expected) and shows negative margins.

Register Financial Advisors LLC lifted its position in Redwire Corporation (NYSE:RDW - Free Report) by 46.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,900 shares of the company's stock after buying an additional 104,597 shares during the quarter. Redwire comprises approximately 1.2% of Register Financial Advisors LLC's holdings, making the stock its 18th biggest position. Register Financial Advisors LLC owned approximately 0.23% of Redwire worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RDW. AQR Capital Management LLC boosted its stake in shares of Redwire by 125.0% during the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company's stock worth $426,000 after acquiring an additional 28,576 shares during the period. Goldman Sachs Group Inc. raised its holdings in Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company's stock valued at $2,945,000 after acquiring an additional 276,814 shares during the period. Strs Ohio acquired a new stake in Redwire during the first quarter worth approximately $69,000. Ameritas Advisory Services LLC bought a new stake in shares of Redwire during the second quarter worth approximately $54,000. Finally, Tcfg Wealth Management LLC grew its position in shares of Redwire by 25.9% in the second quarter. Tcfg Wealth Management LLC now owns 25,265 shares of the company's stock valued at $412,000 after purchasing an additional 5,200 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RDW. KeyCorp started coverage on Redwire in a report on Thursday, December 18th. They set a "sector weight" rating for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Redwire in a research report on Wednesday, October 8th. HC Wainwright restated a "buy" rating and issued a $22.00 price target on shares of Redwire in a research note on Tuesday, December 23rd. Roth Capital reiterated a "buy" rating and issued a $15.00 price objective on shares of Redwire in a research note on Thursday, November 6th. Finally, Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a report on Monday, November 10th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.13.

Insiders Place Their Bets

In other Redwire news, CAO Chris Edmunds bought 5,500 shares of the stock in a transaction on Friday, November 14th. The stock was purchased at an average price of $5.46 per share, with a total value of $30,030.00. Following the completion of the purchase, the chief accounting officer owned 107,441 shares in the company, valued at $586,627.86. The trade was a 5.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ae Red Holdings, Llc sold 12,656,683 shares of the firm's stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33. Following the sale, the director directly owned 61,541,253 shares in the company, valued at approximately $646,798,569.03. This trade represents a 17.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 56,065 shares of company stock worth $330,047 and have sold 23,953,093 shares worth $252,001,857. Insiders own 2.60% of the company's stock.

Redwire Price Performance

Shares of NYSE:RDW opened at $10.60 on Wednesday. The firm has a 50 day moving average of $7.55 and a 200-day moving average of $9.43. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.75 billion, a PE ratio of -3.34 and a beta of 2.44.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.15). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The firm had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. On average, equities research analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal 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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