Geode Capital Management LLC Takes $110.40 Million Position in Solstice Advanced Mat $SOLS

Geode Capital Management LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,255,240 shares of the company’s stock, valued at approximately $110,395,000. Geode Capital Management LLC owned about 1.42% of Solstice Advanced Mat at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. King Luther Capital Management Corp bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $3,725,000. Flputnam Investment Management Co. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $463,000. GS Investments Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $57,000. Smithfield Trust Co bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $124,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $907,000.

Wall Street Analyst Weigh In

SOLS has been the subject of several recent research reports. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Royal Bank Of Canada increased their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group increased their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, BMO Capital Markets increased their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Solstice Advanced Mat currently has a consensus rating of “Hold” and an average price target of $86.50.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $81.02 on Friday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The firm has a market capitalization of $12.87 billion and a price-to-earnings ratio of 91.03. The business has a 50 day simple moving average of $81.33 and a 200 day simple moving average of $67.85. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during 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. On average, equities research analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced 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. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

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.