Solstice Advanced Mat $SOLS Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,186 shares of the company's stock after purchasing an additional 552 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Solstice Advanced Mat worth $16,318,880 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SOLS. Bank of America Corp DE bought a new stake in Solstice Advanced Mat during the second quarter worth $153,615,000. Madison Avenue Partners LP purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $135,172,000. Norges Bank purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $128,368,000. Geode Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $110,395,000. Finally, Castle Hook Partners LP purchased a new position in Solstice Advanced Mat in the fourth quarter worth about $57,828,000.

Wall Street Analysts Forecast Growth

SOLS has been the topic of several recent research reports. TD Cowen initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a "hold" rating and a $90.00 target price on the stock. Zacks Research upgraded shares of Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Jefferies Financial Group began coverage on shares of Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a "buy" rating and a $86.00 target price on the stock. BMO Capital Markets lowered their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 16th. Finally, Vertical Research raised shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price target for the company in a research report on Wednesday, July 22nd. 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $79.11.

Solstice Advanced Mat Trading Down 1.2%

SOLS traded down $0.67 during trading on Tuesday, hitting $57.11. 1,089,138 shares of the stock traded hands, compared to its average volume of 2,901,920. The firm has a 50-day moving average of $60.46 and a 200 day moving average of $73.20. The firm has a market capitalization of $9.07 billion and a P/E ratio of 32.25. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat's dividend payout ratio (DPR) is 16.95%.

Solstice Advanced Mat Profile

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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