State Board of Administration of Florida Retirement System Has $189,000 Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

State Board of Administration of Florida Retirement System increased its stake in shares of Aspen Aerogels, Inc. (NYSE:ASPNGet Rating) by 110.0% in the second quarter, Holdings Channel.com reports. The firm owned 19,108 shares of the construction company’s stock after buying an additional 10,010 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Aspen Aerogels were worth $189,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in Aspen Aerogels by 451.1% during the 1st quarter. Captrust Financial Advisors now owns 722 shares of the construction company’s stock worth $25,000 after purchasing an additional 591 shares in the last quarter. First PREMIER Bank increased its position in Aspen Aerogels by 50.0% during the 2nd quarter. First PREMIER Bank now owns 3,000 shares of the construction company’s stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Aspen Aerogels by 37.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,539 shares of the construction company’s stock valued at $87,000 after acquiring an additional 692 shares during the period. HighMark Wealth Management LLC increased its position in Aspen Aerogels by 44.4% in the 2nd quarter. HighMark Wealth Management LLC now owns 9,750 shares of the construction company’s stock valued at $96,000 after acquiring an additional 3,000 shares during the period. Finally, Quent Capital LLC acquired a new position in Aspen Aerogels in the 1st quarter valued at approximately $103,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASPN has been the subject of several recent research reports. Benchmark decreased their price target on shares of Aspen Aerogels to $22.00 in a research report on Tuesday, November 1st. Piper Sandler decreased their price target on shares of Aspen Aerogels to $33.00 in a research report on Tuesday, November 1st. Cowen decreased their price target on shares of Aspen Aerogels from $35.00 to $28.00 in a research report on Friday, October 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Aspen Aerogels in a research note on Friday, October 21st. Finally, Oppenheimer reduced their price objective on shares of Aspen Aerogels to $23.00 in a research note on Tuesday, November 1st. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Aspen Aerogels presently has a consensus rating of “Buy” and an average target price of $29.70.

Aspen Aerogels Trading Up 0.2 %

NYSE:ASPN opened at $12.07 on Wednesday. The firm’s fifty day moving average is $11.20 and its 200-day moving average is $13.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.68 and a current ratio of 1.93. Aspen Aerogels, Inc. has a 52 week low of $7.93 and a 52 week high of $65.21. The firm has a market cap of $493.77 million, a P/E ratio of -4.79 and a beta of 2.34.

About Aspen Aerogels

(Get Rating)

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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Institutional Ownership by Quarter for Aspen Aerogels (NYSE:ASPN)

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