BW Gestao de Investimentos Ltda. Invests $14.84 Million in Solstice Advanced Mat $SOLS

BW Gestao de Investimentos Ltda. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel reports. The firm purchased 305,507 shares of the company’s stock, valued at approximately $14,842,000.

A number of other hedge funds have also modified their holdings of the business. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $27,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $29,000. Finally, Motco acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $30,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SOLS shares. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a report on Friday, February 13th. UBS Group increased their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Trading Down 0.5%

Shares of SOLS stock opened at $83.78 on Tuesday. The business’s 50 day moving average is $80.28 and its two-hundred day moving average is $66.89. 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 $13.30 billion and a P/E ratio of 94.13. 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 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. Equities analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

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.