84,027 Shares in Solstice Advanced Mat $SOLS Acquired by Strs Ohio

Strs Ohio purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 84,027 shares of the company's stock, valued at approximately $4,082,000. Strs Ohio owned approximately 0.05% of Solstice Advanced Mat at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter worth $2,259,000. Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at about $625,000. JFS Wealth Advisors LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $89,000.

Solstice Advanced Mat Trading Up 3.1%

Solstice Advanced Mat stock opened at $83.56 on Wednesday. The firm has a market cap of $13.27 billion and a P/E ratio of 321.38. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $84.99. The company's 50-day simple moving average is $77.33.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to analysts' expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts forecast that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat's dividend payout ratio is currently 115.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on SOLS. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, January 20th. Vertical Research raised shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a report on Wednesday, January 7th. UBS Group cut shares of Solstice Advanced Mat from a "buy" rating to a "neutral" rating and set a $87.00 price objective for the company. in a research report on Monday, April 13th. Wall Street Zen raised Solstice Advanced Mat from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Zacks Research upgraded Solstice Advanced Mat to a "hold" rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat has an average rating of "Hold" and an average target price of $67.00.

Solstice Advanced Mat Company Profile

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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