Solstice Advanced Mat Target of Unusually Large Options Trading (NASDAQ:SOLS)

Key Points

• Unusually heavy options activity: Traders purchased 18,023 put options on Solstice Advanced Mat, roughly 330% above the typical volume of 4,189 contracts.
• Analysts remain broadly bullish: The stock has a consensus “Moderate Buy” rating from 11 analysts, with an average price target of $78.25 versus its recent price of $62.90.
• Solid earnings and dividend update: Solstice Advanced Mat reported quarterly EPS of $0.88, topping estimates of $0.79, and announced a $0.075 quarterly dividend, equating to a 0.5% yield.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) saw some unusual options trading on Thursday. Stock traders bought 18,023 put options on the company. This represents an increase of approximately 330% compared to the typical volume of 4,189 put options.

Analyst Ratings Changes

A number of equities analysts have issued reports on SOLS shares. Wall Street Zen upgraded Solstice Advanced Mat from a "sell" rating to a "hold" rating in a report on Sunday, May 3rd. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a "hold" rating and a $90.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Zacks Research raised shares of Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Finally, UBS Group raised their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.25.

Solstice Advanced Mat Stock Up 1.1%

Shares of SOLS stock traded up $0.69 during mid-day trading on Thursday, hitting $62.90. The company's stock had a trading volume of 655,135 shares, compared to its average volume of 2,882,930. The stock has a market cap of $9.99 billion and a price-to-earnings ratio of 35.52. 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 has a 52-week low of $40.43 and a 52-week high of $90.80. The business has a 50-day moving average price of $70.78 and a 200 day moving average price of $74.80.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $1.15 billion during 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. Research analysts predict that Solstice Advanced Mat will post 2.87 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Institutional Investors Weigh In On Solstice Advanced Mat

A number of hedge funds have recently added to or reduced their stakes in the stock. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in Solstice Advanced Mat by 3.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company's stock valued at $343,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at about $26,000. Compass Financial Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at about $28,000. Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the 1st quarter worth approximately $27,000. Finally, Westfuller Advisors LLC bought a new position in shares of Solstice Advanced Mat in the 1st quarter worth approximately $36,000.

Solstice Advanced Mat Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source