Engineers Gate Manager LP Purchases Shares of 248,135 Solstice Advanced Mat $SOLS

Key Points

• Engineers Gate Manager LP acquired 248,135 shares of Solstice Advanced Materials worth approximately $21.99 million, representing about 0.16% of the company.
• Solstice Advanced Materials reported quarterly EPS of $0.88, beating estimates of $0.79, on $1.15 billion in revenue. The company reaffirmed fiscal 2026 EPS guidance of $2.75–$2.95.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $79.11, while the stock recently traded at $63.26; the company also declared a quarterly dividend of $0.075 per share.

Engineers Gate Manager LP acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 248,135 shares of the company's stock, valued at approximately $21,985,000. Engineers Gate Manager LP owned about 0.16% of Solstice Advanced Mat at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SOLS. California State Teachers Retirement System acquired a new stake in shares of Solstice Advanced Mat in the second quarter worth approximately $1,445,853,000. State Street Corp acquired a new position in Solstice Advanced Mat during the fourth quarter worth approximately $245,276,000. Morgan Stanley purchased a new position in Solstice Advanced Mat during the fourth quarter worth approximately $195,151,000. Madison Avenue Partners LP purchased a new position in Solstice Advanced Mat during the fourth quarter worth approximately $135,172,000. Finally, Norges Bank acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $128,368,000.

Solstice Advanced Mat Price Performance

SOLS opened at $63.26 on Thursday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a market cap of $10.05 billion and a price-to-earnings ratio of 35.74. 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 company has a fifty day simple moving average of $61.41 and a 200 day simple moving average of $73.60.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities research analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed 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. 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

Several research analysts recently weighed in on SOLS shares. UBS Group increased their target price on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Truist Financial set a $75.00 price target on Solstice Advanced Mat and gave the company a "buy" rating in a research report on Thursday, July 9th. Royal Bank Of Canada dropped their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Morgan Stanley downgraded Solstice Advanced Mat to a "buy" rating in a report on Monday, July 13th. Finally, Weiss Ratings raised Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.11.

About Solstice Advanced Mat

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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