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Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 542,368 Shares

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Key Points

  • Ae Red Holdings, LLC sold 542,368 shares of Redwire (NYSE:RDW) on April 9 at an average price of $9.37 for a total of ~$5.08 million, leaving the holder with 32,685,073 shares (a 1.63% ownership reduction), as disclosed in an SEC filing.
  • This trade is part of a string of recent insider sales—including 7.5 million shares on March 24 (~$68.6M) and 2.5 million shares on March 25 (~$23.6M)—indicating substantial insider liquidation over the past weeks.
  • Redwire shares trade around $9.28 with a $1.78 billion market cap; the company reported a quarterly loss (EPS -$0.35, missing estimates) while revenue beat, and analysts hold a consensus rating of Moderate Buy with a $13.89 price target.
  • Five stocks we like better than Redwire.

Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 542,368 shares of Redwire stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $9.37, for a total transaction of $5,081,988.16. Following the transaction, the director directly owned 32,685,073 shares in the company, valued at $306,259,134.01. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

  • On Wednesday, April 8th, Ae Red Holdings, Llc sold 407,776 shares of Redwire stock. The shares were sold at an average price of $10.17, for a total transaction of $4,147,081.92.
  • On Wednesday, March 25th, Ae Red Holdings, Llc sold 2,500,000 shares of Redwire stock. The shares were sold at an average price of $9.45, for a total transaction of $23,625,000.00.
  • On Tuesday, March 24th, Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00.
  • On Wednesday, March 18th, Ae Red Holdings, Llc sold 81,319 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total transaction of $814,003.19.
  • On Tuesday, March 17th, Ae Red Holdings, Llc sold 996,927 shares of Redwire stock. The shares were sold at an average price of $10.10, for a total value of $10,068,962.70.
  • On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The stock was sold at an average price of $10.06, for a total value of $976,483.96.
  • On Friday, March 13th, Ae Red Holdings, Llc sold 11,615 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $116,266.15.
  • On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were sold at an average price of $10.01, for a total value of $500,349.85.
  • On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
  • On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The stock was sold at an average price of $11.18, for a total value of $131,487.98.

Redwire Trading Up 0.6%

RDW stock traded up $0.06 during midday trading on Friday, hitting $9.28. The company had a trading volume of 14,224,660 shares, compared to its average volume of 23,721,230. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -3.91 and a beta of 2.49. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $22.25. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $9.21 and its 200 day moving average price is $8.59.

Redwire (NYSE:RDW - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The firm had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. As a group, equities research analysts expect that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RDW shares. Truist Financial upgraded shares of Redwire from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $15.00 in a research report on Monday, March 9th. KeyCorp assumed coverage on Redwire in a research note on Thursday, December 18th. They issued a "sector weight" rating on the stock. HC Wainwright restated a "buy" rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Roth Mkm reaffirmed a "buy" rating and set a $20.00 price target on shares of Redwire in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Redwire currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.89.

Get Our Latest Stock Report on Redwire

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. AE Industrial Partners LP boosted its stake in shares of Redwire by 139.3% during the 2nd quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company's stock valued at $1,394,000 after purchasing an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC bought a new position in Redwire in the third quarter worth about $20,372,000. State Street Corp raised its stake in Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company's stock worth $35,785,000 after buying an additional 1,786,038 shares in the last quarter. UBS Group AG lifted its holdings in Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company's stock worth $15,503,000 after buying an additional 1,192,885 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Redwire in the fourth quarter worth about $7,676,000. 8.10% of the stock is currently owned by institutional investors.

About Redwire

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Redwire (NYSE:RDW)

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