Solstice Advanced Mat $SOLS Stock Purchased by Salem Investment Counselors Inc.

Key Points

• Salem Investment Counselors increased its Solstice Advanced Materials stake by 23.2% in the third quarter, bringing its holdings to 139,517 shares valued at approximately $7.86 million.
• SOLS shares opened at $60.91, with a market capitalization of $9.68 billion and a price-to-earnings ratio of 34.41. The company exceeded quarterly EPS expectations, reporting $0.88 versus the $0.79 consensus estimate.
• Wall Street sentiment remains positive, with nine analysts rating the stock a Buy and four a Hold. The stock has a “Moderate Buy” consensus rating and an average price target of $77.60.

Salem Investment Counselors Inc. grew its holdings in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) by 23.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,517 shares of the company's stock after buying an additional 26,266 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.09% of Solstice Advanced Mat worth $7,858,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in Solstice Advanced Mat by 3.3% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company's stock valued at $343,000 after acquiring an additional 146 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Solstice Advanced Mat by 0.5% during the second quarter. Arizona State Retirement System now owns 43,816 shares of the company's stock worth $3,882,000 after purchasing an additional 217 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Solstice Advanced Mat during the second quarter worth approximately $27,000. CX Institutional lifted its position in shares of Solstice Advanced Mat by 29.5% during the third quarter. CX Institutional now owns 1,421 shares of the company's stock worth $80,000 after purchasing an additional 324 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Solstice Advanced Mat during the first quarter valued at approximately $26,000.

Solstice Advanced Mat Stock Up 0.3%

Shares of NASDAQ SOLS opened at $60.91 on Wednesday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm's 50-day moving average is $59.68 and its 200-day moving average is $70.81. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $9.68 billion and a PE ratio of 34.41.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities analysts expect that Solstice Advanced Mat will post 2.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays started coverage on shares of Solstice Advanced Mat in a research report on Monday. They issued an "overweight" rating and a $73.00 price objective for the company. Seaport Research Partners started coverage on Solstice Advanced Mat in a research report on Wednesday, October 7th. They issued a "buy" rating and a $80.00 price objective on the stock. BMO Capital Markets lowered their target price on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, July 16th. Morgan Stanley cut Solstice Advanced Mat to a "buy" rating in a research note on Monday, July 13th. Finally, Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 target price for the company in a research report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.60.

Solstice Advanced Mat Profile

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.

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