AXQ Capital LP Invests $2.70 Million in Solstice Advanced Mat $SOLS

Key Points

• AXQ Capital LP initiated a $2.70 million position in Solstice Advanced Materials during the second quarter, purchasing 30,440 shares. Several other institutional investors also established smaller positions.
• Analyst sentiment is broadly positive: Solstice has a “Moderate Buy” consensus rating, with an average price target of $79.11 versus the reported share price of $61.37.
• The company exceeded quarterly earnings expectations, reporting $0.88 EPS versus the $0.79 consensus estimate on $1.15 billion in revenue. It also announced a quarterly dividend of $0.075 per share, representing a 0.5% annualized yield.

AXQ Capital LP bought 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 and Exchange Commission (SEC). The institutional investor bought 30,440 shares of the company's stock, valued at approximately $2,697,000.

A number of other large investors have also modified their holdings of SOLS. Manning & Napier Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $27,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth approximately $26,000. Compass Financial Management LLC acquired a new stake in shares of Solstice Advanced Mat during the second quarter worth approximately $28,000. Princeton Global Asset Management LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter valued at $27,000. Finally, Philadelphia Investment Partners LLC acquired a new stake in Solstice Advanced Mat during the 2nd quarter valued at $34,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SOLS shares. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a "buy" rating in a research note on Thursday, July 9th. UBS Group raised their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, July 31st. Zacks Research upgraded Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Weiss Ratings raised Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Finally, Vertical Research raised shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 target price for the company in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $79.11.

Solstice Advanced Mat Stock Performance

SOLS stock opened at $61.37 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The firm has a market cap of $9.75 billion and a PE ratio of 34.67. The business's 50-day moving average price is $63.04 and its two-hundred day moving average price is $74.04.

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 (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 company 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, research analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

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

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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