Stock Traders Purchase High Volume of Put Options on Solstice Advanced Mat (NASDAQ:SOLS)

Key Points

• Unusual bearish options activity: Investors purchased 30,126 put options on Solstice Advanced Mat, 576% above its average daily volume of 4,454 contracts.
• Analyst sentiment remains moderately positive: Eight analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $78.56.
• Shares and financial results: SOLS slipped 0.1% to $56.27, below its 50-day and 200-day moving averages. The company recently beat quarterly EPS estimates, reported $1.15 billion in revenue, and declared a quarterly dividend of $0.075 per share.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 30,126 put options on the company. This represents an increase of 576% compared to the average daily volume of 4,454 put options.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SOLS shares. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the stock a "buy" rating in a report on Thursday, July 9th. Weiss Ratings upgraded Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. BMO Capital Markets cut their target price 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. Mizuho lowered their price target on Solstice Advanced Mat from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price objective on the stock in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Solstice Advanced Mat presently has an average rating of "Moderate Buy" and a consensus price target of $78.56.

Solstice Advanced Mat Stock Down 0.1%

NASDAQ:SOLS traded down $0.05 on Thursday, hitting $56.27. The stock had a trading volume of 646,463 shares, compared to its average volume of 2,850,607. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm's fifty day simple moving average is $59.69 and its two-hundred day simple moving average is $71.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market cap of $8.94 billion and a P/E ratio of 31.81.

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. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were given a $0.0750 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat's payout ratio is currently 16.95%.

Institutional Investors Weigh In On Solstice Advanced Mat

Several large investors have recently made changes to their positions in the business. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in shares of Solstice Advanced Mat in the 1st quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat during the first quarter valued at about $27,000. Manning & Napier Advisors LLC bought a new position in Solstice Advanced Mat during the second quarter valued at about $27,000. Finally, Compass Financial Management LLC purchased a new stake in Solstice Advanced Mat during the second quarter worth about $28,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.

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