Fisher Asset Management LLC Invests $306,000 in Solstice Advanced Mat $SOLS

Fisher Asset Management LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 6,297 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $27,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $29,000. Finally, Motco acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $30,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOLS. Vertical Research downgraded 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. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $84.23 on Monday. The firm has a 50-day moving average price of $80.06 and a 200 day moving average price of $66.63. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market capitalization of $13.38 billion and a price-to-earnings ratio of 94.64. 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 (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. Research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced 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 of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio 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.