Exchange Traded Concepts LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,006 shares of the company's stock, valued at approximately $1,215,000.
Other large investors have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $2,259,000. Parsons Capital Management Inc. RI bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $625,000. Pathway Financial Advisors LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $337,000. JFS Wealth Advisors LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $121,000. Finally, Tradewinds Capital Management LLC acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at $89,000.
Analyst Ratings Changes
SOLS has been the topic of several research reports. Zacks Research upgraded shares of Solstice Advanced Mat to a "hold" rating in a report on Friday, January 23rd. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, January 20th. Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 price objective on the stock in a research note on Wednesday, January 7th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat presently has an average rating of "Moderate Buy" and an average price target of $67.00.
View Our Latest Stock Analysis on Solstice Advanced Mat
Solstice Advanced Mat Trading Down 1.4%
Shares of SOLS opened at $76.42 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.44. The company's fifty day moving average is $72.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The stock has a market cap of $12.13 billion and a price-to-earnings ratio of 293.92.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Solstice Advanced Mat's payout ratio is 115.38%.
Solstice Advanced Mat Company Profile
(
Free Report)
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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