Redwire (NYSE:RDW) Stock Price Down 3.8% - Here's Why

Key Points

• Redwire shares fell 3.8% to about $12.90 in midday trading, with approximately 14.5 million shares changing hands—roughly half the average volume.
• Analysts remain mixed but generally constructive, with a consensus “Hold” rating and a $14.44 price target; recent firms raised targets as high as $15.00.
• Redwire beat quarterly expectations, reporting a $0.09 adjusted loss per share versus the projected $0.16 loss and revenue of $117.07 million against a $107.10 million estimate. However, the company remains unprofitable, and an insider recently sold more than 1 million shares.

Redwire Corporation (NYSE:RDW - Get Free Report) shares traded down 3.8% during mid-day trading on Tuesday . The company traded as low as $12.30 and last traded at $12.8950. Approximately 14,506,461 shares traded hands during trading, a decline of 50% from the average session volume of 29,027,289 shares. The stock had previously closed at $13.41.

Wall Street Analysts Forecast Growth

RDW has been the topic of several research reports. Cantor Fitzgerald increased their price target on shares of Redwire from $9.00 to $13.50 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $15.00 target price on Redwire in a research note on Sunday, August 9th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a report on Thursday, August 6th. Truist Financial raised Redwire to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised Redwire from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Redwire has a consensus rating of "Hold" and a consensus price target of $14.44.

Redwire Stock Performance

The stock's 50-day moving average is $11.46 and its 200-day moving average is $11.39. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -8.83 and a beta of 3.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.92 and a quick ratio of 3.48.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $117.07 million during the quarter, compared to the consensus estimate of $107.10 million. Analysts anticipate that Redwire Corporation will post -0.68 EPS for the current fiscal year.

Insider Transactions at Redwire

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Redwire by 125.0% in the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company's stock valued at $426,000 after purchasing an additional 28,576 shares during the period. Goldman Sachs Group Inc. raised its stake in Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company's stock worth $2,945,000 after purchasing an additional 276,814 shares during the period. Strs Ohio acquired a new position in shares of Redwire in the 1st quarter valued at $69,000. Rhumbline Advisers boosted its holdings in shares of Redwire by 61.0% in the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company's stock valued at $921,000 after purchasing an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Redwire by 57.6% during the 2nd quarter. Invesco Ltd. now owns 21,198 shares of the company's stock valued at $346,000 after buying an additional 7,750 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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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