Stock Traders Purchase Large Volume of Put Options on Solstice Advanced Mat (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) was the target of some unusual options trading on Thursday. Investors purchased 18,023 put options on the company. This represents an increase of 330% compared to the average volume of 4,189 put options.

Solstice Advanced Mat Stock Up 0.1%

Shares of Solstice Advanced Mat stock traded up $0.08 during trading on Friday, reaching $62.65. The company’s stock had a trading volume of 1,086,056 shares, compared to its average volume of 3,100,461. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a 50-day simple moving average of $69.98 and a two-hundred day simple moving average of $74.72. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The company has a market cap of $9.95 billion and a price-to-earnings ratio of 35.40.

Solstice Advanced Mat (NASDAQ:SOLSGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 16.95%.

Institutional Trading of Solstice Advanced Mat

Institutional investors have recently bought and sold shares of the stock. Westerkirk Capital Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $25,000. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat in the 1st quarter valued at $26,000. Heritage Wealth Advisors purchased a new position in Solstice Advanced Mat in the 4th quarter worth $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $27,000.

Analyst Upgrades and Downgrades

SOLS has been the subject of several recent research reports. BMO Capital Markets reduced their price target 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. Royal Bank Of Canada reduced their target price on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Weiss Ratings raised shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. UBS Group raised their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and an average price target of $78.25.

Read Our Latest Stock Report on SOLS

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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