Matthew 25 Management Corp Purchases New Shares in Solstice Advanced Mat $SOLS

Matthew 25 Management Corp purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 101,000 shares of the company's stock, valued at approximately $4,907,000. Solstice Advanced Mat accounts for about 1.5% of Matthew 25 Management Corp's holdings, making the stock its 18th largest holding. Matthew 25 Management Corp owned approximately 0.06% of Solstice Advanced Mat at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SOLS. Vanguard Group Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $893,275,000. UBS Group AG purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $130,269,000. Principal Financial Group Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $36,682,000. Teacher Retirement System of Texas purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $22,277,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $20,987,000.

Solstice Advanced Mat Stock Up 3.1%

SOLS stock opened at $83.56 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The stock has a fifty day simple moving average of $77.33. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $84.99. The stock has a market capitalization of $13.27 billion and a price-to-earnings ratio of 321.38.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million during the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts expect that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat's dividend payout ratio (DPR) is presently 115.38%.

Analysts Set New Price Targets

Several research firms recently weighed in on SOLS. Weiss Ratings upgraded Solstice Advanced Mat from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, February 23rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Zacks Research upgraded Solstice Advanced Mat to a "hold" rating in a report on Friday, January 23rd. Wall Street Zen upgraded Solstice Advanced Mat from a "sell" rating to a "hold" rating in a report on Sunday. Finally, UBS Group lowered Solstice Advanced Mat from a "buy" rating to a "neutral" rating and set a $87.00 target price on the stock. in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.00.

Solstice Advanced Mat Company 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.

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.