Aspen Aerogels, Inc. (NYSE:ASPN) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. raised its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,131 shares of the construction company’s stock after purchasing an additional 57,039 shares during the period. Baird Financial Group Inc. owned about 0.49% of Aspen Aerogels worth $4,765,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ASPN. AlphaQuest LLC lifted its holdings in Aspen Aerogels by 54.0% in the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company’s stock worth $135,000 after acquiring an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Aspen Aerogels during the 4th quarter worth $164,000. Connors Investor Services Inc. acquired a new stake in Aspen Aerogels in the fourth quarter worth $168,000. Journey Strategic Wealth LLC bought a new stake in Aspen Aerogels in the fourth quarter valued at $178,000. Finally, Ballentine Partners LLC boosted its holdings in shares of Aspen Aerogels by 19.2% during the fourth quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company’s stock valued at $189,000 after acquiring an additional 2,565 shares during the period. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Stock Up 14.8 %

NYSE ASPN opened at $4.95 on Friday. Aspen Aerogels, Inc. has a 12 month low of $4.16 and a 12 month high of $33.15. The company has a market capitalization of $406.42 million, a P/E ratio of 30.94 and a beta of 2.72. The company’s 50 day simple moving average is $6.08 and its 200 day simple moving average is $10.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Thursday, May 8th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $78.72 million for the quarter, compared to analysts’ expectations of $82.75 million. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. The firm’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Equities research analysts expect that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ASPN has been the subject of a number of analyst reports. B. Riley reduced their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Barclays reduced their price objective on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Canaccord Genuity Group lowered their target price 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. Roth Mkm reduced their price target on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Oppenheimer cut Aspen Aerogels from an “outperform” rating to a “market perform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.11.

Aspen Aerogels 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.