Hel Ved Capital Management Ltd bought a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 244,360 shares of the company’s stock, valued at approximately $11,871,000. Solstice Advanced Mat comprises about 3.2% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Hel Ved Capital Management Ltd owned about 0.15% of Solstice Advanced Mat at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $130,269,000. Norges Bank bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $128,368,000. Geode Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $110,395,000. Finally, Franklin Resources Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $63,546,000.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on SOLS. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, BMO Capital Markets lifted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.38.
Solstice Advanced Mat Price Performance
Shares of Solstice Advanced Mat stock opened at $83.06 on Friday. The stock has a market cap of $13.19 billion and a price-to-earnings ratio of 93.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a 50 day moving average price of $81.87 and a 200-day moving average price of $69.17. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current year.
Solstice Advanced Mat Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.
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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