Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) shares saw strong trading volume on Tuesday . 3,196,425 shares traded hands during trading, an increase of 21% from the previous session’s volume of 2,645,197 shares.The stock last traded at $61.7470 and had previously closed at $68.05.
Analysts Set New Price Targets
SOLS has been the subject of several analyst reports. Truist Financial initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho boosted their price objective on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. TD Cowen began 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 for the company. Finally, BMO Capital Markets raised their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $89.50.
Check Out Our Latest Analysis on SOLS
Solstice Advanced Mat Stock Down 1.8%
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts predict that Solstice Advanced Mat will post 2.64 earnings per share for the current year.
Solstice Advanced Mat Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after buying an additional 146 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat in the first quarter worth approximately $26,000. Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat during the first quarter valued at approximately $27,000. Westfuller Advisors LLC bought a new position in Solstice Advanced Mat during the first quarter valued at approximately $36,000. Finally, Darwin Wealth Management LLC bought a new position in Solstice Advanced Mat during the first quarter valued at approximately $37,000.
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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