Ancora Advisors LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 98,849 shares of the company's stock, valued at approximately $8,758,000. Ancora Advisors LLC owned approximately 0.06% of Solstice Advanced Mat at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Solstice Advanced Mat by 3.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company's stock worth $343,000 after buying an additional 146 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the second quarter valued at approximately $27,000. Global Trust Asset Management LLC purchased a new position in Solstice Advanced Mat in the 1st quarter worth approximately $26,000. Compass Financial Management LLC purchased a new position in Solstice Advanced Mat in the 2nd quarter worth approximately $28,000. Finally, Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat in the 1st quarter valued at approximately $27,000.
Solstice Advanced Mat Stock Performance
Shares of SOLS opened at $55.54 on Wednesday. The firm has a market capitalization of $8.82 billion and a P/E ratio of 31.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The business has a fifty day moving average of $66.59 and a 200 day moving average of $74.49.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its 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. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.87 EPS for the current year.
Solstice Advanced Mat Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat's payout ratio is 16.95%.
Wall Street Analyst Weigh In
Several brokerages have commented on SOLS. TD Cowen assumed coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a "hold" rating and a $90.00 target price on the stock. Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price target for the company in a research note on Wednesday, July 22nd. Royal Bank Of Canada lowered their price target 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 report on Tuesday, July 21st. Finally, Morgan Stanley lowered Solstice Advanced Mat to a "buy" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.25.
Read Our Latest Analysis on SOLS
Solstice Advanced Mat 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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