Moors & Cabot Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 12,392 shares of the company’s stock, valued at approximately $602,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SOLS. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $89,000.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Vertical Research cut shares of 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. Finally, UBS Group lifted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.60.
Solstice Advanced Mat Price Performance
Shares of NASDAQ SOLS opened at $84.23 on Monday. The stock has a market capitalization of $13.38 billion and a P/E ratio of 94.64. The company has a 50-day moving average price of $80.06 and a 200-day moving average price of $66.63. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. 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 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 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. On average, equities research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.
Solstice Advanced Mat Dividend Announcement
The firm also recently disclosed 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 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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