MetLife Investment Management LLC Purchases 2,118 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

MetLife Investment Management LLC increased its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 35,782 shares of the construction company’s stock after purchasing an additional 2,118 shares during the period. MetLife Investment Management LLC’s holdings in Aspen Aerogels were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ASPN. Abbot Financial Management Inc. boosted its holdings in shares of Aspen Aerogels by 3.9% during the 4th quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock worth $359,000 after buying an additional 1,146 shares during the period. Franklin Resources Inc. grew its position in shares of Aspen Aerogels by 5.3% in the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after purchasing an additional 1,483 shares during the last quarter. Invesco Ltd. increased its stake in shares of Aspen Aerogels by 3.5% during the fourth quarter. Invesco Ltd. now owns 50,871 shares of the construction company’s stock worth $604,000 after purchasing an additional 1,724 shares during the period. Greenwood Capital Associates LLC increased its position in Aspen Aerogels by 5.0% during the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock worth $439,000 after buying an additional 1,749 shares during the period. Finally, Swiss National Bank raised its stake in Aspen Aerogels by 1.9% in the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company’s stock worth $1,530,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Aspen Aerogels Price Performance

Shares of NYSE:ASPN opened at $5.53 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. Aspen Aerogels, Inc. has a 52 week low of $4.80 and a 52 week high of $33.15. The firm has a market cap of $453.63 million, a PE ratio of 34.53 and a beta of 2.72. The firm’s fifty day moving average is $6.22 and its 200-day moving average is $10.85.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 EPS 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%. Sell-side analysts predict that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASPN shares. StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. Barclays reduced their target price on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Canaccord Genuity Group dropped their price target on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Craig Hallum reduced their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, B. Riley dropped 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 report on Wednesday, February 19th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.11.

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.