Redwire Corporation (NYSE:RDW – Get Free Report) Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the sale, the director directly owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. The trade was a 49.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ae Red Holdings, Llc also recently made the following trade(s):
- On Monday, May 18th, Ae Red Holdings, Llc sold 15,247,586 shares of Redwire stock. The shares were sold at an average price of $13.75, for a total transaction of $209,654,307.50.
- On Wednesday, April 22nd, Ae Red Holdings, Llc sold 21,365,909 shares of Redwire stock. The shares were sold at an average price of $10.85, for a total transaction of $231,820,112.65.
- On Tuesday, April 21st, Ae Red Holdings, Llc sold 977,887 shares of Redwire stock. The stock was sold at an average price of $10.57, for a total transaction of $10,336,265.59.
- On Monday, April 20th, Ae Red Holdings, Llc sold 1,766,372 shares of Redwire stock. The stock was sold at an average price of $10.23, for a total value of $18,069,985.56.
- On Friday, April 17th, Ae Red Holdings, Llc sold 2,034,536 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total value of $21,911,952.72.
- On Thursday, April 16th, Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock. The shares were sold at an average price of $10.57, for a total value of $33,244,837.99.
- On Wednesday, April 15th, Ae Red Holdings, Llc sold 692,936 shares of Redwire stock. The shares were sold at an average price of $9.70, for a total value of $6,721,479.20.
- On Tuesday, April 14th, Ae Red Holdings, Llc sold 1,202,375 shares of Redwire stock. The stock was sold at an average price of $9.92, for a total value of $11,927,560.00.
- On Monday, April 13th, Ae Red Holdings, Llc sold 790,393 shares of Redwire stock. The shares were sold at an average price of $9.78, for a total value of $7,730,043.54.
- On Friday, April 10th, Ae Red Holdings, Llc sold 581,018 shares of Redwire stock. The shares were sold at an average price of $9.31, for a total value of $5,409,277.58.
Redwire Trading Down 11.8%
RDW stock traded down $2.01 on Friday, reaching $15.08. The company’s stock had a trading volume of 63,741,851 shares, compared to its average volume of 32,035,000. The business has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $10.47. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $26.64. The firm has a market cap of $2.89 billion, a PE ratio of -5.63 and a beta of 2.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75.
Wall Street Analysts Forecast Growth
Several brokerages have commented on RDW. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Jefferies Financial Group raised Redwire to a “hold” rating in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group upped their price target on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Redwire has an average rating of “Moderate Buy” and a consensus target price of $15.44.
View Our Latest Stock Analysis on Redwire
Redwire News Summary
Here are the key news stories impacting Redwire this week:
- Positive Sentiment: Investor interest in space-related names is rising ahead of a potential SpaceX IPO, which is putting Redwire back in the spotlight as a “picks and shovels” supplier to the space industry. Is Redwire a Millionaire-Maker Stock?
- Positive Sentiment: Some bullish investors argue Redwire could benefit from growing demand for mission-critical spacecraft components and broader optimism around commercial space infrastructure. Is Redwire Corporation (RDW) A Good Stock To Buy Now?
- Neutral Sentiment: Jefferies upgraded Redwire to hold, which suggests the business has improved enough to warrant a less bearish stance, but not enough for a stronger buy rating. Zacks.com
- Neutral Sentiment: Commentary on Redwire’s investment story says expectations are increasingly catching up with reality, implying the stock may need more concrete execution to justify further gains. How The Investment Story Is Shifting For Redwire (RDW) As Expectations Catch Up To Reality
- Negative Sentiment: Redwire’s expanded at-the-market equity program and a separate report on a potential US$500 million ATM are raising dilution concerns, which can pressure the stock by signaling more share issuance ahead. Redwire Establishes Expanded At-The-Market Equity Program
- Negative Sentiment: Bearish articles are warning that investors may be overpaying for growth, with one piece explicitly saying it would pass on RDW at current levels. As SpaceX Prepares Its IPO, Redwire Stock Is in the Spotlight. Why I would Pass on RDW Here.
- Negative Sentiment: Coverage highlighting why RDW is down today points to the company’s $500 million equity-raising plan, reinforcing dilution fears as the main short-term overhang. The $500 Million Reason Redwire Stock Is Down Today
Institutional Investors Weigh In On Redwire
Several hedge funds have recently bought and sold shares of the business. AE Industrial Partners LP raised its holdings in Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after acquiring an additional 6,101,959 shares during the last quarter. Bank of America Corp DE boosted its stake in Redwire by 7,512.5% during the 1st quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock valued at $57,970,000 after purchasing an additional 6,730,414 shares during the last quarter. State Street Corp increased its holdings in shares of Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after purchasing an additional 1,786,038 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Redwire by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock worth $29,153,000 after purchasing an additional 91,045 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of 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 purchasing an additional 1,192,885 shares during the last quarter. Institutional investors 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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