Wilmington Savings Fund Society FSB Acquires Shares of 18,000 Aspen Aerogels, Inc. (NYSE:ASPN)

Wilmington Savings Fund Society FSB bought a new position in Aspen Aerogels, Inc. (NYSE:ASPN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 18,000 shares of the construction company’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ASPN. Oppenheimer & Co. Inc. boosted its stake in Aspen Aerogels by 167.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 102,535 shares of the construction company’s stock worth $2,839,000 after purchasing an additional 64,154 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Aspen Aerogels in the third quarter worth about $1,342,000. Dakota Wealth Management bought a new position in shares of Aspen Aerogels in the third quarter valued at approximately $986,000. Rice Hall James & Associates LLC grew its stake in Aspen Aerogels by 19.9% during the third quarter. Rice Hall James & Associates LLC now owns 535,113 shares of the construction company’s stock valued at $14,817,000 after acquiring an additional 88,711 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Aspen Aerogels by 66.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,591 shares of the construction company’s stock worth $1,922,000 after acquiring an additional 32,243 shares during the period. Institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASPN. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, October 16th. TD Cowen raised their price target on Aspen Aerogels from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. StockNews.com raised Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th. Barclays lowered their target price on shares of Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Finally, Piper Sandler dropped their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aspen Aerogels currently has a consensus rating of “Moderate Buy” and an average target price of $28.70.

Insider Activity

In related news, CEO Donald R. Young sold 63,355 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,902,550.65. Following the transaction, the chief executive officer now directly owns 483,640 shares in the company, valued at $14,523,709.20. This trade represents a 11.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

Aspen Aerogels Price Performance

ASPN stock opened at $12.93 on Tuesday. The firm has a market cap of $1.06 billion, a P/E ratio of 1,293.00 and a beta of 2.11. The firm’s fifty day moving average is $17.13 and its 200 day moving average is $22.78. Aspen Aerogels, Inc. has a 52 week low of $10.75 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.

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.