Rice Hall James & Associates LLC Takes Position in Aspen Aerogels, Inc. $ASPN

Rice Hall James & Associates LLC purchased a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,635,259 shares of the construction company’s stock, valued at approximately $10,368,000.

Several other large investors have also bought and sold shares of ASPN. Vanguard Group Inc. boosted its stake in Aspen Aerogels by 0.5% in the third quarter. Vanguard Group Inc. now owns 4,510,370 shares of the construction company’s stock valued at $31,392,000 after acquiring an additional 22,686 shares during the last quarter. Needham Investment Management LLC raised its position in shares of Aspen Aerogels by 26.5% during the 4th quarter. Needham Investment Management LLC now owns 4,351,700 shares of the construction company’s stock valued at $12,315,000 after acquiring an additional 912,000 shares during the last quarter. Invesco Ltd. raised its position in shares of Aspen Aerogels by 237.9% during the 4th quarter. Invesco Ltd. now owns 4,129,934 shares of the construction company’s stock valued at $11,688,000 after acquiring an additional 2,907,558 shares during the last quarter. State Street Corp lifted its stake in shares of Aspen Aerogels by 28.6% in the 4th quarter. State Street Corp now owns 2,501,469 shares of the construction company’s stock valued at $7,079,000 after purchasing an additional 556,833 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Aspen Aerogels by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,602,049 shares of the construction company’s stock valued at $4,535,000 after purchasing an additional 17,178 shares during the period. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Aspen Aerogels Stock Performance

Shares of ASPN opened at $5.83 on Tuesday. The stock has a market capitalization of $483.83 million, a price-to-earnings ratio of -3.81 and a beta of 2.99. The firm has a fifty day simple moving average of $5.52 and a 200 day simple moving average of $4.53. The company has a current ratio of 2.52, a quick ratio of 2.24 and a debt-to-equity ratio of 0.36. Aspen Aerogels, Inc. has a 12 month low of $2.30 and a 12 month high of $9.35.

Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, August 6th. The construction company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The business had revenue of $49.85 million for the quarter, compared to the consensus estimate of $42.42 million. Aspen Aerogels had a negative return on equity of 31.12% and a negative net margin of 62.45%.Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS. Research analysts forecast that Aspen Aerogels, Inc. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ASPN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aspen Aerogels in a research note on Wednesday, June 24th. Roth Capital reissued a “buy” rating and issued a $7.75 target price on shares of Aspen Aerogels in a research note on Friday, August 7th. Wall Street Zen cut Aspen Aerogels from a “hold” rating to a “sell” rating in a report on Saturday. B. Riley Financial reissued a “buy” rating on shares of Aspen Aerogels in a research note on Friday, August 7th. Finally, Barclays boosted their target price on Aspen Aerogels from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Aspen Aerogels currently has an average rating of “Hold” and an average price target of $5.94.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc, headquartered in Northborough, Massachusetts, develops and manufactures high-performance aerogel insulation materials and custom engineered solutions. Founded in 2001 as a spin-out from Department of Energy research, the company pursued an initial public offering on the NYSE in 2014 under the ticker ASPN. Aspen Aerogels combines proprietary aerogel formulations with advanced manufacturing processes to deliver products known for their low thermal conductivity, lightweight construction and robust mechanical properties.

The company’s product portfolio spans blanket insulation, boards, and custom shapes built around several proprietary brands, including Pyrogel, Cryogel and Spaceloft.