Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc Sells 62,754 Shares

Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc sold 62,754 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $7.70, for a total value of $483,205.80. Following the transaction, the director now directly owns 35,772,677 shares in the company, valued at $275,449,612.90. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value of $745,282.52.
• On Friday, July 12th, Ae Red Holdings, Llc sold 56,516 shares of Redwire stock. The shares were sold at an average price of $7.64, for a total value of $431,782.24.

Redwire Stock Performance

Shares of RDW stock opened at $6.98 on Friday. The stock’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $4.35. The firm has a market capitalization of $457.75 million, a PE ratio of -9.69 and a beta of 1.97. Redwire Co. has a fifty-two week low of $2.35 and a fifty-two week high of $8.23.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The firm had revenue of $87.79 million during the quarter, compared to analyst estimates of $65.88 million. Sell-side analysts forecast that Redwire Co. will post -0.48 earnings per share for the current year.

Institutional Trading of Redwire

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in shares of Redwire by 17.2% in the second quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after buying an additional 2,296 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Redwire by 0.3% in the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after buying an additional 3,681 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Redwire by 23.9% in the second 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. Finally, LA Financiere DE L Echiquier boosted its stake in shares of Redwire by 10.6% in the fourth quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock worth $1,282,000 after buying an additional 43,000 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 target price on shares of Redwire in a research report on Monday, July 15th. Roth Mkm increased their price objective on Redwire from $5.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Longbow Research increased their price objective on Redwire from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $6.75.

Redwire Company Profile

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.