Sequoia Financial Advisors LLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,058 shares of the company’s stock, valued at approximately $634,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $27,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $29,000. Finally, Horizon Investments LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $31,000.
Analyst Ratings Changes
SOLS has been the subject of several analyst reports. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Finally, UBS Group boosted their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.60.
Solstice Advanced Mat Stock Down 2.0%
Shares of SOLS stock opened at $85.11 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The firm has a market capitalization of $13.52 billion and a price-to-earnings ratio of 95.63. The stock’s 50 day simple moving average is $78.31. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The firm also recently declared 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.
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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