Bearing Point Capital LLC Buys New Shares in Solstice Advanced Mat $SOLS

Bearing Point Capital LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,507 shares of the company’s stock, valued at approximately $413,000.

Several other hedge funds have also made changes to their positions in SOLS. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $893,275,000. UBS Group AG bought a new position in Solstice Advanced Mat during the fourth quarter worth about $130,269,000. Norges Bank bought a new position in Solstice Advanced Mat during the fourth quarter worth about $128,368,000. Geode Capital Management LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth about $110,395,000. Finally, Thrivent Financial for Lutherans bought a new position in Solstice Advanced Mat during the fourth quarter worth about $53,548,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on SOLS. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note 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 price target for the company. in a research note on Thursday, May 14th. UBS Group raised 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. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $84.23 on Monday. The firm has a market cap of $13.38 billion and a price-to-earnings ratio of 94.64. The company has a 50 day moving average of $80.06 and a 200-day moving average of $66.63. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data 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 firm had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.

About Solstice Advanced Mat

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.