Baird Financial Group Inc. Takes $2.90 Million Position in Solstice Advanced Mat $SOLS

Key Points

• Baird Financial Group acquired 32,762 shares of Solstice Advanced Materials, valued at approximately $2.90 million, adding to significant recent institutional buying by firms including Bank of America, Norges Bank and Geode Capital.
• Solstice reported quarterly EPS of $0.88, beating estimates of $0.79, on $1.15 billion in revenue, and issued fiscal 2026 EPS guidance of $2.75–$2.95. The company also declared a quarterly dividend of $0.075 per share, representing a 0.5% annualized yield.
• Analyst sentiment remains mostly positive, with a “Moderate Buy” consensus and an average price target of $79.11 versus the stock’s reported $58.48 price; however, recent targets have ranged widely from $70 to $86.

Baird Financial Group Inc. acquired 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 disclosure with the Securities & Exchange Commission. The firm acquired 32,762 shares of the company's stock, valued at approximately $2,903,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Madison Avenue Partners LP acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $135,172,000. Norges Bank acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $128,368,000. Geode Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $110,395,000. Bank of America Corp DE purchased a new stake in shares of Solstice Advanced Mat in the second quarter valued at $153,615,000. Finally, Castle Hook Partners LP purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $57,828,000.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $58.48 on Thursday. 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 1-year low of $40.43 and a 1-year high of $90.80. The firm has a market capitalization of $9.29 billion and a P/E ratio of 33.04. The business's 50-day simple moving average is $60.31 and its 200-day simple moving average is $72.90.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) 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. Equities analysts predict that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SOLS. Jefferies Financial Group started coverage on Solstice Advanced Mat in a research report on Thursday, September 3rd. They set a "buy" rating and a $86.00 target price on the stock. Zacks Research upgraded Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. UBS Group upped their price objective on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of Solstice Advanced Mat from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Mizuho decreased their target price on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 15th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $79.11.

Solstice Advanced Mat Profile

Solstice Advanced Materials, Inc NASDAQ: SOLS is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.

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