Jefferies Financial Group Inc. Invests $2.09 Million in Solstice Advanced Mat $SOLS

Jefferies Financial Group Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLSFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,000 shares of the company’s stock, valued at approximately $2,089,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Associated Banc Corp acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $314,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $34,000. Heritage Investors Management Corp acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $710,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $78,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $344,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SOLS. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. UBS Group upped their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.60.

Get Our Latest Stock Analysis on Solstice Advanced Mat

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $86.10 on Thursday. 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 has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The stock’s 50-day moving average is $79.68 and its two-hundred day moving average is $66.11. The firm has a market cap of $13.67 billion and a P/E ratio of 96.74.

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. Analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Solstice Advanced Mat Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Solstice Advanced Mat (NASDAQ:SOLS)

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