Geode Capital Management LLC Acquires 78,195 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Geode Capital Management LLC lifted its stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,464,163 shares of the construction company's stock after buying an additional 78,195 shares during the period. Geode Capital Management LLC owned approximately 1.78% of Aspen Aerogels worth $17,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AlphaQuest LLC grew its position in shares of Aspen Aerogels by 54.0% in the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock valued at $135,000 after purchasing an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Aspen Aerogels in the fourth quarter valued at about $164,000. Journey Strategic Wealth LLC purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth about $178,000. Ballentine Partners LLC increased its position 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 worth $189,000 after acquiring an additional 2,565 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth about $219,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ASPN has been the subject of a number of research reports. Roth Mkm decreased their price target on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, February 14th. TD Cowen upgraded Aspen Aerogels to a "strong-buy" rating in a research report on Tuesday, March 11th. B. Riley decreased their price objective on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Seaport Res Ptn lowered Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Craig Hallum reduced their price target on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.11.

Aspen Aerogels Stock Performance

Aspen Aerogels stock traded up $0.16 during midday trading on Thursday, reaching $5.39. 261,595 shares of the company's stock were exchanged, compared to its average volume of 1,914,512. Aspen Aerogels, Inc. has a 52 week low of $4.80 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The firm has a market cap of $442.46 million, a price-to-earnings ratio of 33.60 and a beta of 2.35. The stock's 50-day simple moving average is $6.66 and its 200 day simple moving average is $12.02.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, analysts expect 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.