New York State Teachers Retirement System purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 168,561 shares of the company's stock, valued at approximately $8,189,000. New York State Teachers Retirement System owned approximately 0.11% of Solstice Advanced Mat at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $130,269,000. Teacher Retirement System of Texas purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $22,277,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $20,987,000. Finally, Private Wealth Partners LLC bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $14,827,000.
Analyst Upgrades and Downgrades
SOLS has been the topic of several analyst reports. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a "sector perform" rating to an "outperform" rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a "sell" rating to a "hold" rating in a research note on Sunday. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Vertical Research raised Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a report on Wednesday, January 7th. Finally, Zacks Research raised Solstice Advanced Mat to a "hold" rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $67.00.
Check Out Our Latest Research Report on SOLS
Solstice Advanced Mat Stock Performance
Shares of NASDAQ:SOLS opened at $81.07 on Tuesday. The stock has a market cap of $12.87 billion and a P/E ratio of 311.81. The business has a 50-day moving average of $77.26. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $84.44.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million for 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. As a group, research analysts predict that Solstice Advanced Mat will post 2.66 earnings per share for the current year.
Solstice Advanced Mat Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat's dividend payout ratio is 115.38%.
Solstice Advanced Mat Company Profile
(
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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