New Mexico Educational Retirement Board Acquires New Holdings in Solstice Advanced Mat $SOLS

Key Points

• New Mexico Educational Retirement Board acquired 33,900 SOLS shares worth approximately $3 million in the second quarter, joining major institutional investors including Vanguard, State Street and Morgan Stanley.
• Solstice Advanced Materials reported quarterly EPS of $0.88, beating the $0.79 analyst consensus, while reaffirming fiscal 2026 guidance of $2.75–$2.95 per share.
• The company ended its proposed merger with Element Solutions and authorized a $500 million share repurchase program; it also declared a quarterly dividend of $0.075 per share. Analysts maintain a “Moderate Buy” consensus with a $78.25 target price, above the stock’s $63.53 price.

New Mexico Educational Retirement Board acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,900 shares of the company's stock, valued at approximately $3,004,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth $893,275,000. State Street Corp bought a new position in Solstice Advanced Mat in the fourth quarter worth about $245,276,000. Morgan Stanley purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at about $195,151,000. Madison Avenue Partners LP purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $135,172,000. Finally, UBS Group AG bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $130,269,000.

Solstice Advanced Mat Stock Up 12.8%

NASDAQ:SOLS opened at $63.53 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market cap of $10.09 billion and a PE ratio of 35.89. The company's 50 day moving average is $64.99 and its two-hundred day moving average is $74.31.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly 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 business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts anticipate that Solstice Advanced Mat will post 2.87 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company 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 $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat's dividend payout ratio (DPR) is 16.95%.

Key Headlines Impacting Solstice Advanced Mat

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Merger termination removes deal-related concerns. Solstice and Element Solutions mutually agreed to end their cash-and-stock merger after shareholder feedback. The decision eliminates a large, complex transaction and signals that management and the boards believe Solstice is better positioned as a standalone company. Neither side will pay a termination fee. Solstice Announces Mutual Termination of Merger Agreement
• Positive Sentiment: $500 million share-repurchase authorization supports the stock. Solstice’s board approved the company’s first buyback program, giving management a way to return cash to investors and potentially reduce the share count. The authorization also addresses concerns that the Element transaction could have diluted shareholder value. Solstice Launches Share Buyback
• Positive Sentiment: 2026 outlook was reaffirmed. Management maintained its third-quarter and full-year 2026 guidance, reducing fears that ending the merger reflects weakening operating conditions. The company’s latest reported quarter also exceeded earnings expectations, with earnings per share of $0.88 versus a $0.79 consensus estimate.
• Neutral Sentiment: Analyst targets remain above the current trading level. Recent targets for SOLS have a median of $95, although targets are estimates rather than guarantees and may not reflect the newly standalone strategy. Analyst Price Targets for Solstice
• Negative Sentiment: Heavy put-option activity is a risk signal. Investors traded 16,453 put options, roughly 283% above average daily volume, suggesting some traders are positioning for downside or hedging after the sharp move. This activity does not necessarily indicate a fundamental deterioration.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SOLS shares. Mizuho reduced their price target 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. Weiss Ratings raised Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 21st. BMO Capital Markets dropped their target price on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, July 16th. Wall Street Zen lowered Solstice Advanced Mat from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley cut Solstice Advanced Mat to a "buy" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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