Shares of Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $85.63 and last traded at $86.1650, with a volume of 1802198 shares traded. The stock had previously closed at $78.25.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SOLS. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research note on Friday, February 13th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, UBS Group increased their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.20.
Read Our Latest Stock Analysis on SOLS
Solstice Advanced Mat Stock Up 9.2%
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.
Solstice Advanced Mat Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 115.38%.
Institutional Trading of Solstice Advanced Mat
A number of hedge funds have recently added to or reduced their stakes in the company. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in Solstice Advanced Mat by 3.3% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat in the first quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $27,000. Westfuller Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $36,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at about $37,000.
Solstice Advanced Mat Company Profile
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
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