Redwire Co. (NYSE:RDW) Director Sells $176,669.30 in Stock

Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc sold 24,883 shares of Redwire stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $7.10, for a total value of $176,669.30. Following the transaction, the director now directly owns 35,708,528 shares in the company, valued at $253,530,548.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, July 17th, Ae Red Holdings, Llc sold 62,754 shares of Redwire stock. The stock was sold at an average price of $7.70, for a total transaction of $483,205.80.
• On Monday, July 15th, Ae Red Holdings, Llc sold 94,579 shares of Redwire stock. The shares were sold at an average price of $7.88, for a total transaction of $745,282.52.
• On Friday, July 12th, Ae Red Holdings, Llc sold 56,516 shares of Redwire stock. The stock was sold at an average price of $7.64, for a total transaction of $431,782.24.

Redwire Price Performance

Shares of Redwire stock traded down $0.08 during trading on Monday, reaching $6.90. 394,616 shares of the stock traded hands, compared to its average volume of 325,714. The company has a market capitalization of $452.50 million, a price-to-earnings ratio of -9.57 and a beta of 1.97. Redwire Co. has a 52-week low of $2.35 and a 52-week high of $8.23. The business has a fifty day simple moving average of $6.06 and a two-hundred day simple moving average of $4.37.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The business had revenue of $87.79 million during the quarter, compared to analyst estimates of $65.88 million. On average, research analysts predict that Redwire Co. will post -0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Redwire during the first quarter valued at $59,000. DNB Asset Management AS increased its holdings in shares of Redwire by 23.9% in the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock worth $280,000 after buying an additional 7,538 shares during the last quarter. LA Financiere DE L Echiquier raised its position in shares of Redwire by 10.6% during the 4th quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock valued at $1,282,000 after buying an additional 43,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Redwire by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock valued at $4,912,000 after buying an additional 3,681 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and upped their target price for the stock from $6.00 to $8.00 in a report on Monday. Longbow Research boosted their price objective on Redwire from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Roth Mkm lifted their target price on Redwire from $5.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price target on shares of Redwire in a research note on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.