Redwire (NYSE:RDW) Director Sells $19,439,937.72 in Stock

Key Points

• Ae Red Holdings, a Redwire director, sold 1,862,063 shares on Jan. 6 at an average of $10.44 for a total of $19,439,937.72, reducing its stake by 2.18% to 83,632,283 shares (≈$873.1M).
• Redwire recently reported a quarterly EPS miss (‑$0.29 vs. ‑$0.14 expected) and a revenue shortfall, with a negative net margin of 70.32%, while the stock trades around $9.88 and the company has a $1.63B market cap; analysts show mixed ratings but a consensus "Hold" with an average target of $12.50.

Redwire Corporation (NYSE:RDW - Get Free Report) Director Ae Red Holdings, Llc sold 1,862,063 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $10.44, for a total value of $19,439,937.72. Following the sale, the director owned 83,632,283 shares in the company, valued at approximately $873,121,034.52. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Redwire Price Performance

Shares of NYSE RDW traded down $0.76 during trading on Wednesday, reaching $9.88. The company had a trading volume of 23,357,921 shares, compared to its average volume of 24,201,992. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.66. The stock has a 50-day moving average price of $6.80 and a two-hundred day moving average price of $9.80. The stock has a market capitalization of $1.63 billion, a PE ratio of -3.12 and a beta of 2.44.

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

Analyst Upgrades and Downgrades

RDW has been the subject of several analyst reports. Zacks Research upgraded Redwire from a "strong sell" rating to a "hold" rating in a report on Monday, November 10th. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd. Bank of America reduced their target price on Redwire from $9.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 19th. Canaccord Genuity Group lowered their price target on Redwire from $17.50 to $11.00 and set a "buy" rating for the company in a report on Wednesday, November 12th. Finally, KeyCorp began coverage on shares of Redwire in a research note on Thursday, December 18th. They set a "sector weight" rating for the company. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.50.

Hedge Funds Weigh In On Redwire

Several hedge funds and other institutional investors have recently made changes to their positions in RDW. Abich Financial Wealth Management LLC acquired a new position in shares of Redwire during the third quarter worth about $41,000. Russell Investments Group Ltd. grew its position in Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company's stock valued at $44,000 after acquiring an additional 3,672 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Redwire during the second quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company's stock worth $60,000 after purchasing an additional 5,395 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Redwire in the first quarter valued at $69,000. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Company 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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