Anchor Capital Advisors LLC Buys Shares of 276,222 Solstice Advanced Mat $SOLS

Anchor Capital Advisors LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 276,222 shares of the company’s stock, valued at approximately $13,419,000. Anchor Capital Advisors LLC owned approximately 0.17% of Solstice Advanced Mat at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. CIBC Asset Management Inc purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $503,000. Dover Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $243,000. Bank of New York Mellon Corp acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $55,829,000. Bridges Investment Management Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $273,000. Finally, Natixis Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $5,848,000.

Solstice Advanced Mat Trading Up 4.3%

Shares of NASDAQ:SOLS opened at $87.39 on Wednesday. The company has a 50 day moving average of $80.28 and a 200-day moving average of $66.89. The firm has a market cap of $13.88 billion and a P/E ratio of 98.19. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company 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. As a group, analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Wall Street Analysts Forecast Growth

SOLS has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat currently has an average rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Company 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.