12,288 Shares in Solstice Advanced Mat $SOLS Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,288 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $29,000. Finally, Motco purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $30,000.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $84.23 on Friday. The company has a 50 day moving average price of $80.06 and a two-hundred day moving average price of $66.49. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The stock has a market capitalization of $13.38 billion and a PE ratio of 94.64.

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

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SOLS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday, May 14th. UBS Group boosted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.