1,733,804 Shares in Solstice Advanced Mat $SOLS Acquired by Bank of America Corp DE

Bank of America Corp DE purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,733,804 shares of the company's stock, valued at approximately $153,615,000. Bank of America Corp DE owned 1.09% of Solstice Advanced Mat as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in Solstice Advanced Mat during the first quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter worth about $27,000. Manning & Napier Advisors LLC acquired a new stake in Solstice Advanced Mat during the 2nd quarter worth about $27,000. Finally, Compass Financial Management LLC bought a new position in shares of Solstice Advanced Mat in the 2nd quarter worth about $28,000.

Solstice Advanced Mat Stock Up 0.5%

SOLS stock opened at $58.80 on Friday. The firm has a market capitalization of $9.34 billion and a PE ratio of 33.22. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock's 50 day moving average is $60.23 and its 200-day moving average is $72.76.

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

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.075 dividend. The ex-dividend date was 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 presently 16.95%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley lowered Solstice Advanced Mat to a "buy" rating in a research report on Monday, July 13th. Jefferies Financial Group began coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a "buy" rating and a $86.00 price target on the stock. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a "hold" rating and a $90.00 price target on the stock. Zacks Research raised shares of Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Finally, Vertical Research raised Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 target price for the company in a research report on Wednesday, July 22nd. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.11.

Solstice Advanced Mat Company 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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