Total Clarity Wealth Management Inc. bought a new position in Redwire Corporation (NYSE:RDW – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 55,650 shares of the company’s stock, valued at approximately $473,000.
A number of other institutional investors have also bought and sold shares of RDW. State Street Corp lifted its position in shares of Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after acquiring an additional 1,786,038 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Redwire by 2.9% during 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 in the last quarter. UBS Group AG grew its position in shares of Redwire by 140.8% during 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 in the last quarter. Geode Capital Management LLC raised its stake in Redwire by 46.9% during the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock valued at $13,413,000 after purchasing an additional 563,259 shares during the period. Finally, Van ECK Associates Corp raised its stake in Redwire by 231.0% during the 4th quarter. Van ECK Associates Corp now owns 1,436,535 shares of the company’s stock valued at $10,918,000 after purchasing an additional 1,002,504 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.
Insider Buying and Selling at Redwire
In related news, Director Ae Red Holdings, Llc sold 3,145,207 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $10.57, for a total value of $33,244,837.99. Following the completion of the transaction, the director directly owned 26,273,144 shares of the company’s stock, valued at approximately $277,707,132.08. This trade represents a 10.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 13,211,433 shares of company stock valued at $147,576,208 over the last ninety days. Company insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on RDW
Redwire Price Performance
NYSE:RDW opened at $12.20 on Wednesday. The business’s 50-day moving average is $14.17 and its 200 day moving average is $10.95. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.64. The company has a market capitalization of $2.91 billion, a P/E ratio of -4.55 and a beta of 2.91. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.
Redwire (NYSE:RDW – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The firm had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The business’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, equities research analysts forecast that Redwire Corporation will post -0.76 earnings per share for the current fiscal year.
Redwire 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.
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