Castle Hook Partners LP acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,190,374 shares of the company’s stock, valued at approximately $57,828,000. Castle Hook Partners LP owned 0.75% of Solstice Advanced Mat as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cinctive Capital Management LP purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $5,171,000. Clearline Capital LP purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $23,399,000. Concentric Capital Strategies LP purchased a new position in Solstice Advanced Mat in the fourth quarter worth approximately $5,681,000. Aureus Asset Management LLC purchased a new position in Solstice Advanced Mat in the fourth quarter worth approximately $241,000. Finally, Balyasny Asset Management L.P. purchased a new position in Solstice Advanced Mat in the fourth quarter worth approximately $36,714,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SOLS shares. Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. 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 price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Thursday, May 14th. Finally, TD Cowen started coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.38.
Solstice Advanced Mat Stock Up 1.9%
Shares of Solstice Advanced Mat stock opened at $85.14 on Thursday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a 50 day moving average of $82.36 and a 200 day moving average of $70.15. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $13.52 billion and a P/E ratio of 95.66.
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 for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for 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. As a group, research analysts forecast that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.
Solstice Advanced Mat Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio 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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