Bowen Hanes & Co. Inc. Takes Position in Solstice Advanced Mat $SOLS

Bowen Hanes & Co. Inc. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 979,398 shares of the company’s stock, valued at approximately $47,579,000. Bowen Hanes & Co. Inc. owned 0.62% of Solstice Advanced Mat at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SOLS. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat in the 4th quarter worth $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth $27,000. JNBA Financial Advisors bought a new position in Solstice Advanced Mat in the 4th quarter worth $29,000. Finally, Motco bought a new position in Solstice Advanced Mat in the 4th quarter worth $30,000.

Solstice Advanced Mat Price Performance

NASDAQ:SOLS opened at $86.60 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The business’s 50-day simple moving average is $81.00 and its two-hundred day simple moving average is $67.47. The stock has a market cap of $13.75 billion and a PE ratio of 97.30. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for 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, analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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 dividend on an annualized basis and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group raised their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Wall Street Zen raised 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.