Leo Wealth LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,197 shares of the company’s stock, valued at approximately $687,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp bought a new position in Solstice Advanced Mat during the 2nd quarter worth approximately $448,557,000. Bank of America Corp DE bought a new stake in Solstice Advanced Mat in the second quarter valued at approximately $153,615,000. Anchor Capital Advisors LLC bought a new stake in Solstice Advanced Mat in the second quarter valued at approximately $55,866,000. Alyeska Investment Group L.P. bought a new stake in Solstice Advanced Mat in the second quarter valued at approximately $49,768,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Solstice Advanced Mat in the second quarter worth $44,991,000.
Analysts Set New Price Targets
SOLS has been the topic of a number of recent analyst reports. UBS Group reduced their price target on shares of Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. BMO Capital Markets restated an “outperform” rating and issued a $87.00 price objective on shares of Solstice Advanced Mat in a research report on Wednesday, October 21st. Weiss Ratings cut shares of Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Barclays assumed coverage on Solstice Advanced Mat in a research note on Monday, October 12th. They set an “overweight” rating and a $73.00 price objective on the stock. Finally, Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.30.
View Our Latest Report on SOLS
Solstice Advanced Mat Trading Up 1.6%
Shares of Solstice Advanced Mat stock opened at $60.38 on Tuesday. The stock has a market cap of $9.59 billion and a P/E ratio of 34.11. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The business’s 50 day moving average is $59.46 and its 200-day moving average is $69.75. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced 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. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities research analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.
Solstice Advanced Mat Company Profile
Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.
Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.
Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.
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