IVC Wealth Advisors LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,667 shares of the company's stock, valued at approximately $1,198,000.
Several other institutional investors and hedge funds have also modified their holdings of SOLS. Meyer Handelman Co. acquired a new stake in Solstice Advanced Mat during the 4th quarter valued at $4,776,000. Ferguson Wellman Capital Management Inc. bought a new position in Solstice Advanced Mat in the 4th quarter valued at $2,259,000. Kieckhefer Group LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth $1,232,000. Exchange Traded Concepts LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth $1,215,000. Finally, Wallington Asset Management LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $974,000.
Analyst Ratings Changes
SOLS has been the subject of a number of research reports. Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research note on Wednesday, January 7th. UBS Group reiterated a "buy" rating and set a $87.00 price target on shares of Solstice Advanced Mat in a research report on Thursday, February 12th. Weiss Ratings raised shares of Solstice Advanced Mat from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, February 23rd. Zacks Research upgraded shares of Solstice Advanced Mat to a "hold" rating in a research report on Friday, January 23rd. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.00.
Check Out Our Latest Stock Analysis on Solstice Advanced Mat
Solstice Advanced Mat Stock Down 1.4%
Solstice Advanced Mat stock opened at $76.42 on Friday. The firm has a 50-day moving average price of $72.68. The company has a market capitalization of $12.13 billion and a PE ratio of 293.92. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million during the quarter, compared to analysts' expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.
Solstice Advanced Mat Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat's payout ratio is currently 115.38%.
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.
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