6 days Ago By Defense World Staff
Legal & General Group Plc cut its stake in shares of Aspen Aerogels, Inc. ( NYSE:ASPN – Free Report ) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 63,538 shares of the construction company’s stock after selling 6,512 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Aspen Aerogels worth $755,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ASPN. Morse Asset Management Inc purchased a new stake in shares of Aspen Aerogels in the 3rd quarter valued at approximately $264,000. Barclays PLC raised its stake in Aspen Aerogels by 333.
8% in the third quarter. Barclays PLC now owns 92,302 shares of the construction company’s stock valued at $2,557,000 after buying an additional 71,024 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Aspen Aerogels during the 3rd quarter worth about $498,000.
Franklin Resources Inc. boosted its position in shares of Aspen Aerogels by 5.3% during the 3rd quarter.
Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock worth $815,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Lord Abbett & CO.
LLC purchased a new position in shares of Aspen Aerogels in the 3rd quarter valued at about $10,126,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Several research firms recently weighed in on ASPN. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. B.
Riley dropped their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.
Roth Mkm reduced their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 14th.
TD Cowen raised Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Barclays reduced their target price on Aspen Aerogels from $25.00 to $13.
00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.
com, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.11. Aspen Aerogels Price Performance Shares of ASPN opened at $5.
57 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 2.
48 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $6.
48 and its two-hundred day moving average is $11.50. Aspen Aerogels, Inc.
has a twelve month low of $4.80 and a twelve month high of $33.15.
The firm has a market capitalization of $457.32 million, a PE ratio of 34.81 and a beta of 2.
35. Aspen Aerogels ( NYSE:ASPN – Get Free Report ) 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 return on equity of 7.49% and a net margin of 2.95%.
Research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.
About Aspen Aerogels ( Free Report ) 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. See Also Five stocks we like better than Aspen Aerogels 3 Fintech Stocks With Good 2021 Prospects Best Defense Stocks in 2025.
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