Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $84.48, but opened at $80.94. Solstice Advanced Mat shares last traded at $80.0420, with a volume of 251,277 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on SOLS shares. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. UBS Group raised their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.60.
Read Our Latest Stock Report on Solstice Advanced Mat
Solstice Advanced Mat Trading Down 5.0%
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm 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, research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current year.
Solstice Advanced Mat Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.
Hedge Funds Weigh In On Solstice Advanced Mat
Several institutional investors have recently bought and sold shares of the stock. Associated Banc Corp raised its holdings in Solstice Advanced Mat by 10.1% during the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock valued at $542,000 after buying an additional 654 shares in the last quarter. Carnegie Investment Counsel bought a new position in Solstice Advanced Mat during the first quarter valued at about $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Solstice Advanced Mat by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock valued at $3,182,000 after buying an additional 2,480 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in Solstice Advanced Mat during the first quarter valued at about $685,000. Finally, Fifth Third Bancorp raised its holdings 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 buying an additional 35,102 shares in the last quarter.
About Solstice Advanced Mat
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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