Tidal Investments LLC purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 81,969 shares of the company’s stock, valued at approximately $7,262,000. Tidal Investments LLC owned about 0.05% of Solstice Advanced Mat at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. California State Teachers Retirement System acquired a new position in Solstice Advanced Mat in the 2nd quarter valued at approximately $1,445,853,000. State Street Corp bought a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $245,276,000. Morgan Stanley acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $195,151,000. Madison Avenue Partners LP acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $135,172,000. Finally, Norges Bank bought a new position in Solstice Advanced Mat during the fourth quarter worth about $128,368,000.
Wall Street Analysts Forecast Growth
SOLS has been the subject of a number of analyst reports. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Mizuho decreased their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada lowered their price objective on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Zacks Research upgraded Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.11.
Solstice Advanced Mat Price Performance
SOLS stock opened at $61.53 on Friday. The stock has a market cap of $9.77 billion and a PE ratio of 34.76. The stock has a 50-day moving average price of $60.66 and a two-hundred day moving average price of $73.38. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 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 during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities analysts forecast that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 16.95%.
About Solstice Advanced Mat
Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.
Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.
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