Castle Rock Wealth Management LLC Buys 17,736 Shares of Solstice Advanced Mat $SOLS

Key Points

• Castle Rock Wealth Management increased its Solstice Advanced Mat stake by 615% in the third quarter, buying 17,736 additional shares and bringing its holdings to 20,620 shares valued at approximately $1.26 million. Several other institutional investors also established or expanded positions.
• Solstice Advanced Mat reported quarterly earnings of $0.88 per share, exceeding the $0.79 analyst consensus, on $1.15 billion in revenue. Management provided fiscal 2026 EPS guidance of $2.75–$2.95.
• The stock recently traded at $61.35, while analysts maintained a “Moderate Buy” consensus with an average price target of $78.11. The company also pays a quarterly dividend of $0.075, representing a 0.5% annualized yield.

Castle Rock Wealth Management LLC increased its position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) by 615.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,620 shares of the company's stock after buying an additional 17,736 shares during the period. Castle Rock Wealth Management LLC's holdings in Solstice Advanced Mat were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOLS. Carnegie Investment Counsel acquired a new position in shares of Solstice Advanced Mat during the 1st quarter worth approximately $2,628,000. State Street Corp acquired a new stake in Solstice Advanced Mat during the 2nd quarter valued at $448,557,000. Anchor Capital Advisors LLC acquired a new stake in Solstice Advanced Mat during the 2nd quarter valued at $55,866,000. Fifth Third Bancorp boosted its position in Solstice Advanced Mat by 38.5% during the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company's stock worth $9,609,000 after purchasing an additional 35,102 shares during the period. Finally, Equitable Holdings Inc. acquired a new position in shares of Solstice Advanced Mat in the second quarter valued at $990,000.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock traded up $1.12 during midday trading on Friday, hitting $61.35. The company's stock had a trading volume of 1,686,212 shares, compared to its average volume of 2,830,942. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. 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 company has a 50-day moving average price of $59.74 and a two-hundred day moving average price of $71.06. The company has a market cap of $9.75 billion and a price-to-earnings ratio of 34.66.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating 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 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, sell-side analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.0750 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat's dividend payout ratio (DPR) is presently 16.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SOLS shares. Jefferies Financial Group initiated coverage on shares of Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a "buy" rating and a $86.00 target price for the company. Morgan Stanley cut shares of Solstice Advanced Mat to a "buy" rating in a report on Monday, July 13th. Wall Street Zen downgraded shares of Solstice Advanced Mat from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. BMO Capital Markets reduced their price objective on 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, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of Solstice Advanced Mat in a research report on Wednesday, September 30th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $78.11.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.

Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS - Free Report).

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.