Quantum Private Wealth LLC acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,544 shares of the company’s stock, valued at approximately $804,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $893,275,000. UBS Group AG purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $130,269,000. Thrivent Financial for Lutherans purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $53,548,000. Principal Financial Group Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $36,682,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $22,277,000.
Analysts Set New Price Targets
A number of research firms have recently issued reports on SOLS. UBS Group upped their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Thursday, May 14th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Mizuho set a $80.00 price objective on Solstice Advanced Mat in a report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.60.
Solstice Advanced Mat Trading Down 2.7%
Shares of SOLS stock opened at $79.87 on Wednesday. The stock has a market capitalization of $12.68 billion and a PE ratio of 89.74. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The business has a 50-day moving average of $78.57 and a 200 day moving average of $64.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last issued its 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. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current year.
Solstice Advanced Mat Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.
Solstice Advanced Mat 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.
Further Reading
- Five stocks we like better than Solstice Advanced Mat
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS – Free Report).
Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.
