Franklin Resources Inc. Grows Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Franklin Resources Inc. lifted its holdings in Aspen Aerogels, Inc. (NYSE:ASPN) by 5.3% in the third quarter, HoldingsChannel reports. The fund owned 29,418 shares of the construction company’s stock after buying an additional 1,483 shares during the period. Franklin Resources Inc.’s holdings in Aspen Aerogels were worth $815,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ASPN. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aspen Aerogels by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,310 shares of the construction company’s stock valued at $341,000 after acquiring an additional 1,339 shares during the period. nVerses Capital LLC increased its position in shares of Aspen Aerogels by 45.0% during the third quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock valued at $161,000 after buying an additional 1,800 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Aspen Aerogels in the 2nd quarter worth approximately $84,000. Quent Capital LLC bought a new position in Aspen Aerogels in the third quarter worth $118,000. Finally, Point72 DIFC Ltd bought a new position in shares of Aspen Aerogels in the 2nd quarter worth about $121,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Trading Up 0.6 %

ASPN stock opened at $12.47 on Monday. Aspen Aerogels, Inc. has a twelve month low of $10.75 and a twelve month high of $33.15. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $15.24 and its two-hundred day simple moving average is $21.64. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 1,248.25 and a beta of 2.11.

Analysts Set New Price Targets

Several research firms have recently issued reports on ASPN. Piper Sandler lowered their price target on Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, October 16th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, November 13th. Barclays decreased their price target on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Finally, Roth Mkm decreased their price target on shares of Aspen Aerogels from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.