Ae Red Holdings, Llc Sells 1,070,565 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDWGet 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.

Redwire (NYSE:RDWGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 57.9% compared to the same quarter last year. As a group, research analysts forecast that Redwire Corporation will post -0.76 EPS for the current year.

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:

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

(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.

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