Aspen Aerogels, Inc. (NYSE:ASPN) Shares Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. boosted its stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,150 shares of the construction company’s stock after purchasing an additional 3,100 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Aspen Aerogels were worth $381,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in Aspen Aerogels by 53.9% during the 4th quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company’s stock worth $18,211,000 after acquiring an additional 404,042 shares during the period. Rice Hall James & Associates LLC boosted its position in Aspen Aerogels by 385.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 623,135 shares of the construction company’s stock worth $5,359,000 after acquiring an additional 494,662 shares during the period. Sargent Investment Group LLC boosted its position in Aspen Aerogels by 24.1% during the 4th quarter. Sargent Investment Group LLC now owns 337,281 shares of the construction company’s stock worth $5,322,000 after acquiring an additional 65,571 shares during the period. Vanguard Group Inc. raised its stake in shares of Aspen Aerogels by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock worth $29,635,000 after buying an additional 14,013 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Aspen Aerogels in the 3rd quarter worth $449,000. Institutional investors and hedge funds own 97.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ASPN. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Roth Mkm reissued a “buy” rating and issued a $22.00 price objective on shares of Aspen Aerogels in a research note on Tuesday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $20.00 target price on shares of Aspen Aerogels in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Aspen Aerogels Stock Down 6.1 %

ASPN traded down $1.02 during midday trading on Tuesday, hitting $15.65. 771,401 shares of the company’s stock traded hands, compared to its average volume of 944,963. The company has a market cap of $1.20 billion, a PE ratio of -23.71 and a beta of 2.04. The stock’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $13.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.41 and a quick ratio of 2.91. Aspen Aerogels, Inc. has a one year low of $5.32 and a one year high of $19.10.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. The company had revenue of $84.22 million for the quarter, compared to analyst estimates of $83.82 million. During the same quarter last year, the firm posted ($0.20) earnings per share. As a group, equities analysts anticipate that Aspen Aerogels, Inc. will post -0.24 earnings per share for the current fiscal year.

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.