Zacks Research upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.
Several other brokerages have also weighed in on SOLS. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. UBS Group lifted their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada lowered their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday. Finally, TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of “Moderate Buy” and an average price target of $78.25.
Get Our Latest Research Report on SOLS
Solstice Advanced Mat Stock Performance
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s payout ratio is currently 33.71%.
Hedge Funds Weigh In On Solstice Advanced Mat
Several hedge funds have recently added to or reduced their stakes in SOLS. Vanguard Group Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $893,275,000. State Street Corp purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $245,276,000. Morgan Stanley acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $195,151,000. Madison Avenue Partners LP acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $135,172,000. Finally, UBS Group AG purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $130,269,000.
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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