DnB Asset Management AS Invests $275,000 in Aspen Aerogels, Inc. (NYSE:ASPN)

DnB Asset Management AS acquired a new stake in Aspen Aerogels, Inc. (NYSE:ASPN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,126 shares of the construction company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new position in shares of Aspen Aerogels in the third quarter valued at approximately $10,126,000. Sanders Morris Harris LLC grew its stake in Aspen Aerogels by 337.5% in the 4th quarter. Sanders Morris Harris LLC now owns 35,000 shares of the construction company’s stock valued at $436,000 after buying an additional 27,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Aspen Aerogels by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after buying an additional 75,024 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Aspen Aerogels by 153.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,534 shares of the construction company’s stock worth $11,063,000 after acquiring an additional 241,741 shares during the last quarter. Finally, Barclays PLC lifted its position in Aspen Aerogels by 333.8% during the 3rd quarter. Barclays PLC now owns 92,302 shares of the construction company’s stock worth $2,557,000 after acquiring an additional 71,024 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASPN has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price objective on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. TD Cowen upgraded Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. B. Riley lowered their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Barclays dropped their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

Aspen Aerogels Trading Up 0.9 %

Shares of ASPN stock opened at $6.41 on Thursday. The stock has a market cap of $526.29 million, a price-to-earnings ratio of 40.07 and a beta of 2.28. The firm has a fifty day moving average of $8.71 and a 200-day moving average of $14.33. Aspen Aerogels, Inc. has a 52-week low of $6.13 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. On average, equities research analysts forecast that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Aspen Aerogels Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.