WINTON GROUP Ltd Purchases New Position in Solstice Advanced Mat $SOLS

Key Points

• WINTON GROUP Ltd acquired 484,616 shares of Solstice Advanced Materials in the second quarter, valued at about $42.9 million. The position represents 1.4% of the fund’s holdings and approximately 0.31% of the company.
• Analysts remain broadly positive, with Solstice carrying a consensus “Moderate Buy” rating and an average price target of $79.11, despite some recent rating changes and target reductions.
• Solstice reported quarterly EPS of $0.88, beating estimates of $0.79, on $1.15 billion in revenue. The company also declared a $0.075 quarterly dividend, equivalent to a 0.5% annualized yield.

WINTON GROUP Ltd acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 484,616 shares of the company's stock, valued at approximately $42,937,000. Solstice Advanced Mat makes up 1.4% of WINTON GROUP Ltd's holdings, making the stock its 6th largest holding. WINTON GROUP Ltd owned approximately 0.31% of Solstice Advanced Mat as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SOLS. Westerkirk Capital Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter valued at $26,000. Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $26,000. Princeton Global Asset Management LLC bought a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at $27,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at $27,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SOLS. Morgan Stanley downgraded Solstice Advanced Mat to a "buy" rating in a research note on Monday, July 13th. BMO Capital Markets decreased their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, July 16th. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the stock a "buy" rating in a report on Thursday, July 9th. Wall Street Zen lowered shares of Solstice Advanced Mat from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, Vertical Research upgraded shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price objective for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.11.

Solstice Advanced Mat Trading Down 2.0%

Shares of SOLS stock opened at $63.26 on Thursday. The company has a market capitalization of $10.05 billion and a PE ratio of 35.74. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The business's fifty day moving average is $61.41 and its 200 day moving average is $73.60. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, equities research analysts anticipate that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat's dividend payout ratio is 16.95%.

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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