Brasada Capital Management LP purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 49,314 shares of the company’s stock, valued at approximately $4,369,000.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $893,275,000. State Street Corp purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $245,276,000. Morgan Stanley purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $195,151,000. Madison Avenue Partners LP bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $135,172,000. Finally, UBS Group AG bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $130,269,000.
Analyst Ratings Changes
A number of equities analysts have issued reports on SOLS shares. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, July 22nd. BMO Capital Markets reduced their target price on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 16th. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.
Solstice Advanced Mat Trading Down 0.1%
Solstice Advanced Mat stock opened at $56.34 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a market capitalization of $8.95 billion and a price-to-earnings ratio of 31.83. The business’s fifty day simple moving average is $65.43 and its two-hundred day simple moving average is $74.38. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.
Solstice Advanced Mat Dividend Announcement
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 of this dividend is Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 16.95%.
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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