Anchor Capital Advisors LLC Buys New Position in Solstice Advanced Mat $SOLS

Key Points

• Anchor Capital Advisors purchased 630,541 shares of Solstice Advanced Materials in the second quarter, valued at approximately $55.9 million and representing about 0.40% of the company.
• Analyst sentiment remains positive but mixed: the stock has a “Moderate Buy” consensus rating and an average price target of $79.11, despite several recent target reductions and one downgrade to “Hold.”
• Solstice reported quarterly EPS of $0.88, exceeding the $0.79 consensus estimate, on $1.15 billion in revenue. The company also declared a quarterly dividend of $0.075 per share, implying a 0.5% annual yield.

Anchor Capital Advisors LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 630,541 shares of the company's stock, valued at approximately $55,866,000. Anchor Capital Advisors LLC owned about 0.40% of Solstice Advanced Mat at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SOLS. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in Solstice Advanced Mat by 3.3% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company's stock worth $343,000 after acquiring an additional 146 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Solstice Advanced Mat in the 2nd quarter worth approximately $27,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat in the 1st quarter valued at $26,000. Hsbc Holdings PLC raised its holdings in Solstice Advanced Mat by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 96,570 shares of the company's stock valued at $8,531,000 after acquiring an additional 342 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in shares of Solstice Advanced Mat during the 2nd quarter worth $28,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SOLS. Royal Bank Of Canada decreased their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Weiss Ratings upgraded Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Mizuho decreased their price target on Solstice Advanced Mat from $95.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen cut Solstice Advanced Mat from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Zacks Research upgraded Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Solstice Advanced Mat presently has an average rating of "Moderate Buy" and an average price target of $79.11.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $63.73 on Tuesday. The firm has a fifty day moving average of $62.28 and a 200-day moving average of $73.82. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-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 has a market capitalization of $10.12 billion and a P/E ratio of 36.01.

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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, analysts predict that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat's dividend payout ratio (DPR) is 16.95%.

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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