Norges Bank bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,642,400 shares of the company’s stock, valued at approximately $128,368,000.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at $893,275,000. UBS Group AG bought a new position in Solstice Advanced Mat during the 4th quarter valued at $130,269,000. Geode Capital Management LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $110,395,000. Thrivent Financial for Lutherans bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $53,548,000. Finally, Legal & General Group Plc bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $38,858,000.
Solstice Advanced Mat Stock Down 2.9%
Shares of NASDAQ:SOLS opened at $84.13 on Friday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The company has a market capitalization of $13.36 billion and a PE ratio of 94.53. The business has a fifty day moving average price of $81.24 and a two-hundred day moving average price of $67.75. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors 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 yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. UBS Group lifted their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus price target of $73.60.
Get Our Latest Stock Report on Solstice Advanced Mat
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.
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