Beacon Investment Advisory Services Inc. Invests $493,000 in Solstice Advanced Mat $SOLS

Beacon Investment Advisory Services Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,139 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds have also recently modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth $2,259,000. Parsons Capital Management Inc. RI acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $625,000. JFS Wealth Advisors LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $121,000. Pathway Financial Advisors LLC purchased a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $89,000.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $72.40 on Tuesday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. The stock has a market cap of $11.49 billion and a P/E ratio of 278.46. The stock’s fifty day simple moving average is $71.84.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $987.00 million for 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.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, February 24th. Solstice Advanced Mat’s payout ratio is 115.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Alembic Global Advisors began coverage on Solstice Advanced Mat in a report on Monday, December 1st. They issued an “overweight” rating and a $60.00 target price for the company. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research note on Friday, February 13th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.