Element Capital Management LLC purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 186,032 shares of the company’s stock, valued at approximately $9,037,000. Solstice Advanced Mat comprises 4.3% of Element Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Element Capital Management LLC owned 0.12% of Solstice Advanced Mat as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the business. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Heritage Wealth Advisors bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $27,000.
Analyst Ratings Changes
SOLS has been the subject of several research analyst reports. UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. TD Cowen initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, BMO Capital Markets lifted their price objective 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $87.38.
Solstice Advanced Mat Stock Performance
NASDAQ SOLS opened at $85.14 on Thursday. The firm has a market cap of $13.52 billion and a price-to-earnings ratio of 95.66. 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 business has a 50-day moving average price of $82.36 and a 200-day moving average price of $70.15. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities research analysts predict that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.
Solstice Advanced Mat Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 33.71%.
Solstice Advanced Mat 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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