Rhumbline Advisers Raises Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Rhumbline Advisers increased its holdings in Aspen Aerogels, Inc. (NYSE:ASPN) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,044 shares of the construction company’s stock after purchasing an additional 2,554 shares during the quarter. Rhumbline Advisers owned 0.11% of Aspen Aerogels worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ASPN. FMR LLC increased its position in shares of Aspen Aerogels by 23.6% in the third quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock valued at $112,169,000 after acquiring an additional 773,647 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Aspen Aerogels by 22.7% in the third quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock valued at $44,839,000 after acquiring an additional 300,076 shares during the period. State Street Corp increased its position 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 acquiring an additional 8,344 shares during the period. Geode Capital Management LLC increased its position in shares of Aspen Aerogels by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after acquiring an additional 75,024 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Aspen Aerogels by 204.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 509,430 shares of the construction company’s stock valued at $14,106,000 after acquiring an additional 342,253 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

ASPN has been the topic of a number of analyst reports. StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a research report on Wednesday, February 19th. Seaport Res Ptn cut shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Roth Mkm reduced their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Craig Hallum reduced their price target on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Canaccord Genuity Group reduced their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. One research 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, Aspen Aerogels has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.

Aspen Aerogels Price Performance

Shares of ASPN opened at $7.83 on Thursday. The stock has a market cap of $642.76 million, a PE ratio of 48.97 and a beta of 2.14. 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, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $33.15. The firm’s 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $17.18.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. Analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

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.