Coastal Bridge Advisors LLC Takes $3.54 Million Position in Solstice Advanced Mat $SOLS

Key Points

• Coastal Bridge Advisors acquired 39,973 shares of Solstice Advanced Materials worth approximately $3.54 million, while several other hedge funds also initiated smaller positions.
• Solstice reported quarterly EPS of $0.88, beating the $0.79 analyst consensus, on revenue of $1.15 billion; it guided to fiscal 2026 EPS of $2.75–$2.95.
• The stock opened at $56.34, below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $78.25, and the company declared a quarterly dividend of $0.075 per share.

Coastal Bridge Advisors LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,973 shares of the company's stock, valued at approximately $3,542,000.

Several other hedge funds also recently added to or reduced their stakes in SOLS. Westerkirk Capital Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $26,000. Heritage Wealth Advisors purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000. Finally, Princeton Global Asset Management LLC purchased a new position in Solstice Advanced Mat during the first quarter worth about $27,000.

Solstice Advanced Mat Stock Down 0.1%

Shares of SOLS opened at $56.34 on Friday. The company's 50-day simple moving average is $65.43 and its 200-day simple moving average is $74.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The stock has a market capitalization of $8.95 billion and a PE ratio of 31.83.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released 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 company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.075 per share. 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 presently 16.95%.

Wall Street Analyst Weigh In

SOLS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Vertical Research upgraded 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. TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a "hold" rating and a $90.00 target price on the stock. Mizuho cut their target price on 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. Finally, Morgan Stanley cut Solstice Advanced Mat to a "buy" rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.25.

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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