Eurizon Capital SGR S.p.A. Makes New Investment in Solstice Advanced Mat $SOLS

Eurizon Capital SGR S.p.A. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,203 shares of the company’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SOLS. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $121,000. Pathway Financial Advisors LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $89,000.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock 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 company has a market capitalization of $13.75 billion and a P/E ratio of 97.30. The stock’s 50 day moving average is $81.00 and its 200 day moving average is $67.47. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results 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 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. On average, equities research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared 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 is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group upped 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. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Vertical Research downgraded 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. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.60.

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.