Griffin Asset Management Inc. Purchases New Position in Solstice Advanced Mat $SOLS

Griffin Asset Management Inc. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,630 shares of the company’s stock, valued at approximately $516,000.

A number of other hedge funds also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $29,000. Finally, Motco purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $30,000.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock opened at $79.38 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $12.61 billion and a P/E ratio of 89.19. The stock’s 50 day moving average is $78.87 and its 200 day moving average is $65.03. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Finally, UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat presently has an average rating of “Hold” and an average price target of $73.60.

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.