Jefferies Financial Group Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free 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.
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:SOLS – Get 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
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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