Benjamin Edwards Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,684 shares of the company's stock, valued at approximately $1,567,000.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $245,276,000. Morgan Stanley bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $195,151,000. Madison Avenue Partners LP bought a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $135,172,000. Norges Bank bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $128,368,000. Finally, Geode Capital Management LLC acquired a new position in Solstice Advanced Mat during the fourth quarter worth about $110,395,000.
Solstice Advanced Mat Price Performance
Shares of Solstice Advanced Mat stock opened at $61.73 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The business's 50 day simple moving average is $64.06 and its two-hundred day simple moving average is $74.28. The stock has a market capitalization of $9.81 billion and a P/E ratio of 34.88. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last issued 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. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts forecast that Solstice Advanced Mat will post 2.88 EPS for the current year.
Solstice Advanced Mat Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 annualized dividend and a yield of 0.5%. Solstice Advanced Mat's dividend payout ratio (DPR) is 16.95%.
Wall Street Analyst Weigh In
SOLS has been the subject of several recent research reports. TD Cowen started coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a "hold" rating and a $90.00 price objective for the company. Truist Financial set a $75.00 price target on Solstice Advanced Mat and gave the stock a "buy" rating in a research note on Thursday, July 9th. UBS Group boosted their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, July 31st. BMO Capital Markets cut their price target on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, July 16th. Finally, Wall Street Zen cut shares of Solstice Advanced Mat from a "buy" rating to a "hold" rating in a research note on Saturday. 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 stock. According to MarketBeat.com, Solstice Advanced Mat currently has an average rating of "Moderate Buy" and a consensus target price of $78.25.
Check Out Our Latest Analysis on Solstice Advanced Mat
About Solstice Advanced Mat
(
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.
See Also
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