TD Cowen Initiates Coverage on Aspen Aerogels (NYSE:ASPN)

Analysts at TD Cowen assumed coverage on shares of Aspen Aerogels (NYSE:ASPN) in a report released on Friday. The firm set a “buy” rating and a $11.00 price target on the construction company’s stock. TD Cowen’s price target would suggest a potential upside of 39.13% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Seaport Res Ptn downgraded shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group reduced their price target on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. B. Riley dropped their price objective on Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Craig Hallum reduced their target price on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com raised Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Stock Up 1.4 %

Aspen Aerogels stock opened at $7.91 on Friday. Aspen Aerogels has a twelve month low of $6.70 and a twelve month high of $33.15. The stock has a market cap of $648.76 million, a P/E ratio of 49.42 and a beta of 2.28. The company’s 50-day moving average price is $10.70 and its two-hundred day moving average price is $16.85. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27.

Aspen Aerogels (NYSE:ASPN) last released its quarterly 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%. As a group, analysts expect that Aspen Aerogels will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Aspen Aerogels

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Aspen Aerogels by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,246 shares of the construction company’s stock valued at $51,800,000 after buying an additional 226,251 shares in the last quarter. FMR LLC increased its holdings in 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 purchasing an additional 773,647 shares in the last quarter. Oaktop Capital Management II L.P. raised its position in Aspen Aerogels by 5.6% in the fourth quarter. Oaktop Capital Management II L.P. now owns 3,740,525 shares of the construction company’s stock valued at $44,437,000 after purchasing an additional 200,000 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of Aspen Aerogels by 5.2% during the fourth quarter. Needham Investment Management LLC now owns 2,389,700 shares of the construction company’s stock valued at $28,390,000 after purchasing an additional 117,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Aspen Aerogels by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,018,631 shares of the construction company’s stock worth $23,983,000 after purchasing an additional 409,862 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

About Aspen Aerogels

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.