Ancora Advisors LLC Takes Position in Solstice Advanced Mat $SOLS

Key Points

• Ancora Advisors acquired 98,849 shares of Solstice Advanced Materials in the second quarter, a stake valued at approximately $8.76 million and representing about 0.06% of the company.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $78.25, compared with the stock’s reported opening price of $61.73.
• Solstice exceeded quarterly earnings expectations, reporting $0.88 in EPS versus $0.79 expected, and declared a quarterly dividend of $0.075 per share, or $0.30 annualized.

Ancora Advisors LLC purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 98,849 shares of the company's stock, valued at approximately $8,758,000. Ancora Advisors LLC owned about 0.06% of Solstice Advanced Mat as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wesbanco Bank Inc. bought a new position in Solstice Advanced Mat in the 4th quarter worth $649,000. Carnegie Investment Counsel purchased a new stake in Solstice Advanced Mat in the 1st quarter worth $2,628,000. Nwam LLC bought a new stake in Solstice Advanced Mat during the fourth quarter valued at about $1,253,000. Crestwood Advisors Group LLC purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at about $709,000. Finally, Olstein Capital Management L.P. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $2,803,000.

Wall Street Analyst Weigh In

SOLS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the stock a "buy" rating in a report on Thursday, July 9th. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They set a "hold" rating and a $90.00 target price for the company. Zacks Research upgraded shares of Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, Morgan Stanley downgraded shares of Solstice Advanced Mat to a "buy" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.25.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $61.73 on Wednesday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market capitalization of $9.81 billion and a P/E ratio of 34.88. The stock has a 50 day moving average price of $64.06 and a 200 day moving average price of $74.28.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, sell-side analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued 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 payout ratio is presently 16.95%.

About Solstice Advanced Mat

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source