Shares of Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $84.99 and last traded at $83.8950, with a volume of 820502 shares changing hands. The stock had previously closed at $81.07.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SOLS. Wall Street Zen upgraded Solstice Advanced Mat from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group cut Solstice Advanced Mat from a "buy" rating to a "neutral" rating and set a $87.00 target price on the stock. in a research report on Monday, April 13th. Vertical Research upgraded Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a research report on Wednesday, January 7th. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $67.00.
Check Out Our Latest Report on Solstice Advanced Mat
Solstice Advanced Mat Stock Performance
The firm has a market cap of $13.25 billion and a P/E ratio of 320.33. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The business has a 50-day moving average of $77.26.
Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million during 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, equities research analysts forecast that Solstice Advanced Mat will post 2.66 EPS for the current year.
Solstice Advanced Mat Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat's dividend payout ratio is currently 115.38%.
Institutional Investors Weigh In On Solstice Advanced Mat
A number of institutional investors and hedge funds have recently modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $121,000. Pathway Financial Advisors LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $89,000.
Solstice Advanced Mat Company Profile
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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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