Royce & Associates LP Trims Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Royce & Associates LP decreased its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 946,623 shares of the construction company’s stock after selling 265,474 shares during the period. Royce & Associates LP’s holdings in Aspen Aerogels were worth $11,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Aspen Aerogels by 23.6% in the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock worth $112,169,000 after acquiring an additional 773,647 shares during the last quarter. Telemark Asset Management LLC lifted its stake in Aspen Aerogels by 26.8% during the fourth quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock worth $22,482,000 after purchasing an additional 400,000 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Aspen Aerogels by 22.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock worth $44,839,000 after buying an additional 300,076 shares during the period. State Street Corp grew its stake in shares of Aspen Aerogels by 0.6% in the third quarter. State Street Corp now owns 1,410,543 shares of the construction company’s stock valued at $39,058,000 after buying an additional 8,344 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Aspen Aerogels Stock Performance

NYSE:ASPN opened at $7.38 on Tuesday. Aspen Aerogels, Inc. has a 12 month low of $6.70 and a 12 month high of $33.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The firm has a market capitalization of $605.19 million, a PE ratio of 46.10 and a beta of 2.28. The business’s fifty day moving average price is $10.09 and its 200 day moving average price is $15.82.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ASPN. Canaccord Genuity Group dropped their target price on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Barclays cut 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 note on Wednesday, February 19th. TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, March 11th. StockNews.com raised Aspen Aerogels to a “sell” rating in a research report on Wednesday, February 19th. Finally, Seaport Res Ptn lowered Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.11.

Aspen Aerogels Company 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.