Allianz Asset Management GmbH Invests $17.41 Million in Solstice Advanced Mat $SOLS

Allianz Asset Management GmbH purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,514 shares of the company's stock, valued at approximately $17,411,000. Allianz Asset Management GmbH owned approximately 0.12% of Solstice Advanced Mat at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SOLS. Corient Private Wealth LP acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter worth $6,793,000. Amundi acquired a new stake in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $43,053,000. Wellington Grp LLC acquired a new stake in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $110,000. HighTower Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at approximately $4,552,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at approximately $992,000.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $63.73 on Tuesday. The company has a market cap of $10.12 billion and a P/E ratio of 36.01. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The firm's 50 day moving average price is $62.28 and its 200 day moving average price is $73.82.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted 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 during 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. On average, research analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat's dividend payout ratio is 16.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SOLS. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a report on Thursday. They issued a "buy" rating and a $86.00 price objective on the stock. BMO Capital Markets reduced their target price on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, July 16th. TD Cowen initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a "hold" rating and a $90.00 target price on the stock. Zacks Research raised Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Finally, UBS Group increased their price target on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.11.

Solstice Advanced Mat 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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