Total Clarity Wealth Management Inc. Purchases New Position in Redwire Corporation $RDW

Total Clarity Wealth Management Inc. purchased a new position in Redwire Corporation (NYSE:RDW) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 55,650 shares of the company’s stock, valued at approximately $473,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its position in Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after purchasing an additional 3,396 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the last quarter. CWM LLC boosted its holdings in shares of Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the period. Russell Investments Group Ltd. increased its position in shares of Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Redwire Stock Down 6.3%

Shares of NYSE RDW opened at $12.20 on Wednesday. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.64. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -4.55 and a beta of 2.91. The stock has a 50 day moving average price of $14.17 and a 200 day moving average price of $10.95. 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:RDW) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The firm’s revenue was up 57.9% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. Sell-side analysts expect that Redwire Corporation will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

RDW has been the topic of several recent research reports. Wall Street Zen upgraded Redwire from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Jefferies Financial Group raised shares of Redwire to a “hold” rating in a research note on Wednesday, June 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. Finally, Canaccord Genuity Group lifted their price target on shares of Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.44.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the completion of the sale, the director owned 1,077,419 shares of the company’s stock, valued at approximately $23,142,960.12. This represents a 49.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 13,211,433 shares of company stock valued at $147,576,208. 0.79% of the stock is currently owned by corporate insiders.

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.