Hsbc Holdings PLC raised its holdings in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) by 42.5% in the first quarter, Holdings Channel reports. The institutional investor owned 96,228 shares of the company’s stock after acquiring an additional 28,711 shares during the period. Hsbc Holdings PLC’s holdings in Solstice Advanced Mat were worth $7,291,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $649,000. Fifth Third Bancorp acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $4,424,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $4,796,000. Nwam LLC bought a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $1,253,000. Finally, Blue Trust Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $324,000.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. Mizuho cut their target price on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Solstice Advanced Mat in a research note on Tuesday. Finally, BMO Capital Markets lowered their price objective on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and an average target price of $80.50.
Solstice Advanced Mat Stock Performance
Shares of SOLS opened at $60.88 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The stock has a 50-day moving average of $77.28 and a 200-day moving average of $74.41. The company has a market cap of $9.67 billion and a PE ratio of 68.40.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm 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. On average, equities research analysts predict that Solstice Advanced Mat will post 2.65 EPS for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s payout ratio is 33.71%.
About Solstice Advanced Mat
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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