Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,261 shares of the company's stock, valued at approximately $1,421,000.
Other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Hoey Investments Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. JNBA Financial Advisors acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $29,000. Financial Perspectives Inc acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $35,000. Finally, Peoples Financial Services CORP. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $37,000.
Solstice Advanced Mat Stock Performance
Shares of SOLS opened at $79.71 on Wednesday. The company has a market capitalization of $12.66 billion and a price-to-earnings ratio of 306.58. The company's 50 day simple moving average is $77.25. 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 has a twelve month low of $40.43 and a twelve month high of $84.44.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $987.00 million for 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. On average, sell-side analysts anticipate that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.
Solstice Advanced Mat Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat's dividend payout ratio (DPR) is presently 115.38%.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. 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 cut shares of Solstice Advanced Mat from a "hold" rating to a "sell" rating in a report on Saturday. Vertical Research upgraded shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a report on Wednesday, January 7th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, Zacks Research upgraded shares of Solstice Advanced Mat to a "hold" rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Solstice Advanced Mat presently has an average rating of "Hold" and an average price target of $67.00.
Check Out Our Latest Research Report on Solstice Advanced Mat
Solstice Advanced Mat 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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