Salem Investment Counselors Inc. Buys 26,266 Shares of Solstice Advanced Mat $SOLS

Salem Investment Counselors Inc. increased its stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 23.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,517 shares of the company’s stock after purchasing an additional 26,266 shares during the period. Salem Investment Counselors Inc.’s holdings in Solstice Advanced Mat were worth $7,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp acquired a new position in Solstice Advanced Mat in the second quarter valued at about $448,557,000. Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth about $153,615,000. Madison Avenue Partners LP acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $135,172,000. Castle Hook Partners LP acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $57,828,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at about $55,866,000.

Solstice Advanced Mat Trading Up 0.3%

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

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho cut their price target on shares of Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Seaport Research Partners initiated coverage on shares of Solstice Advanced Mat in a research note on Wednesday, October 7th. They set a “buy” rating and a $80.00 price objective on the stock. Weiss Ratings cut shares of Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Barclays started coverage on shares of Solstice Advanced Mat in a research note on Monday. They issued an “overweight” rating and a $73.00 target price for the company. Finally, Wall Street Zen downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.60.

Solstice Advanced Mat Company 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.