Iams Wealth Management LLC Buys 20,964 Shares of Solstice Advanced Mat $SOLS

Iams Wealth Management LLC increased its stake in Solstice Advanced Mat (NASDAQ:SOLS) by 189.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 32,030 shares of the company’s stock after acquiring an additional 20,964 shares during the period. Iams Wealth Management LLC’s holdings in Solstice Advanced Mat were worth $1,804,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Carnegie Investment Counsel purchased a new stake in Solstice Advanced Mat during the 1st quarter valued at $2,628,000. State Street Corp purchased a new position in Solstice Advanced Mat during the second quarter worth $448,557,000. Anchor Capital Advisors LLC purchased a new position in Solstice Advanced Mat during the second quarter worth $55,866,000. Squarepoint Ops LLC purchased a new position in Solstice Advanced Mat during the second quarter worth $11,692,000. Finally, Fifth Third Bancorp increased its position in Solstice Advanced Mat by 38.5% during the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after acquiring an additional 35,102 shares during the last quarter.

Analysts Set New Price Targets

SOLS has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on shares of Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a “buy” rating and a $86.00 target price on the stock. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. Zacks Research downgraded shares of Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. BMO Capital Markets cut their price target on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Finally, Mizuho reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.60.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $59.92 on Friday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market capitalization of $9.52 billion and a P/E ratio of 33.85. The stock has a 50 day moving average price of $59.58 and a 200 day moving average price of $70.60.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion during 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. As a group, sell-side analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

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.