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

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,070,565 shares of the firm’s stock in a transaction 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 sale, the director directly owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. This trade represents a 49.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $13.75, for a total value of $209,654,307.50.
• On Wednesday, April 22nd, Ae Red Holdings, Llc sold 21,365,909 shares of Redwire stock. The stock was sold at an average price of $10.85, for a total value 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 value 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $9.31, for a total transaction of $5,409,277.58.

Redwire Trading Down 11.8%

NYSE:RDW opened at $15.08 on Friday. The firm’s fifty day moving average is $13.58 and its 200-day moving average is $10.50. 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 Corporation has a 52 week low of $4.87 and a 52 week high of $26.64. The firm has a market cap of $2.89 billion, a P/E ratio of -5.63 and a beta of 2.92.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) 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 firm had revenue of $96.97 million during the quarter, compared to the consensus estimate of $105.94 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 57.9% compared to the same quarter last year. Equities analysts expect that Redwire Corporation will post -0.76 earnings per share for the current year.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Redwire in the 1st quarter valued at about $28,000. KBC Group NV bought a new stake in Redwire in the 1st quarter valued at about $29,000. Sunbelt Securities Inc. increased its position in Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after buying an additional 3,396 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in 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 buying an additional 3,668 shares in the last quarter. Finally, CWM LLC increased its position in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after buying an additional 3,864 shares in the last quarter. 8.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RDW has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Jefferies Financial Group raised Redwire to a “hold” rating in a research note on Wednesday. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Finally, Truist Financial raised Redwire to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.44.

Redwire News Summary

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire was upgraded to hold by Jefferies, which can signal improving analyst confidence, even if the rating is still neutral. Jefferies upgrade to hold
• Neutral Sentiment: Investor attention on space stocks increased ahead of the SpaceX IPO, putting Redwire in the spotlight as a “picks and shovels” space infrastructure name. SpaceX prepares its IPO, Redwire stock in spotlight
• Neutral Sentiment: Redwire expanded its at-the-market equity program, which gives it more flexibility to raise capital but also raises dilution concerns for existing shareholders. Redwire Establishes Expanded At-The-Market Equity Program
• Negative Sentiment: A director, Ae Red Holdings, sold more than 1.07 million shares, a large reduction in ownership that may worry investors about insider confidence. SEC filing for director stock sale
• Negative Sentiment: Several recent articles questioned Redwire’s valuation and growth narrative, with one piece arguing expectations may be catching up to reality and another citing dilution concerns from the new $500 million ATM program. Redwire’s US$500 Million ATM Raises Dilution Questions
• Negative Sentiment: A short-seller attack on space stocks added pressure across the sector, which likely weighed on RDW alongside broader profit-taking in the group. Space Stocks Get Torched

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.