Jupiter Topco LLC Takes Position in Redwire Corporation $RDW

Jupiter Topco LLC acquired a new stake in Redwire Corporation (NYSE:RDW) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 73,100 shares of the company’s stock, valued at approximately $894,000.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Redwire by 125.0% in the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after acquiring an additional 28,576 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares during the period. Strs Ohio bought a new stake in shares of Redwire in the first quarter worth $69,000. Rhumbline Advisers grew its stake in shares of Redwire by 61.0% in the second quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock worth $921,000 after purchasing an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Redwire by 57.6% in the second quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after purchasing an additional 7,750 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Stock Performance

Shares of RDW opened at $10.55 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $11.48. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.64. The stock has a market capitalization of $2.64 billion, a P/E ratio of -7.23 and a beta of 3.08.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%.The company had revenue of $117.07 million for the quarter, compared to the consensus estimate of $107.10 million. As a group, analysts predict that Redwire Corporation will post -0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RDW shares. Bank of America raised their target price on Redwire from $7.00 to $8.00 and gave the stock an “underperform” rating in a research report on Monday, August 31st. Cantor Fitzgerald increased their price target on Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research note on Thursday, August 6th. Finally, Jefferies Financial Group set a $15.00 target price on Redwire in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Redwire currently has an average rating of “Hold” and a consensus price target of $14.69.

Insider Transactions at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the transaction, the director directly owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. This represents a 49.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

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.