Kimelman & Baird LLC Takes Position in Solstice Advanced Mat $SOLS

Kimelman & Baird LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLSFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,495 shares of the company’s stock, valued at approximately $1,384,000.

A number of other hedge funds have also recently modified their holdings of SOLS. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $130,269,000. Thrivent Financial for Lutherans bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $53,548,000. Principal Financial Group Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $36,682,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $22,277,000.

Solstice Advanced Mat Price Performance

SOLS opened at $82.07 on Tuesday. The stock has a 50-day moving average of $78.41. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.03 billion and a price-to-earnings ratio of 92.21. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SOLS. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Vertical Research cut 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. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.60.

Check Out Our Latest Analysis on SOLS

Solstice Advanced Mat Profile

(Free Report)

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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Institutional Ownership by Quarter for Solstice Advanced Mat (NASDAQ:SOLS)

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