Solstice Advanced Mat Target of Unusually Large Options Trading (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors bought 10,203 put options on the company. This represents an increase of 289% compared to the average volume of 2,624 put options.

Institutional Trading of Solstice Advanced Mat

Several large investors have recently modified their holdings of SOLS. Wesbanco Bank Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $649,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Solstice Advanced Mat in the 4th quarter worth $4,796,000. Nwam LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth $1,253,000. Fifth Third Bancorp purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $4,424,000. Finally, Olstein Capital Management L.P. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $2,803,000.

Solstice Advanced Mat Stock Down 6.4%

Shares of Solstice Advanced Mat stock opened at $82.95 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock has a market capitalization of $13.17 billion and a price-to-earnings ratio of 93.20. The company’s 50 day moving average price is $83.23 and its 200-day moving average price is $72.80.

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. Equities research analysts forecast that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid 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 of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SOLS. UBS Group upped their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Truist Financial initiated 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. TD Cowen started coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Finally, Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and a consensus target price of $89.50.

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Solstice Advanced Mat Company Profile

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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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