39,295 Shares in Solstice Advanced Mat $SOLS Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,295 shares of the company’s stock, valued at approximately $1,909,000.

Several other hedge funds and other institutional investors have also modified their holdings of SOLS. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $893,275,000. UBS Group AG bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $130,269,000. Norges Bank bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $128,368,000. Geode Capital Management LLC bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $110,395,000. Finally, Thrivent Financial for Lutherans bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $53,548,000.

Solstice Advanced Mat Price Performance

SOLS stock opened at $81.02 on Friday. The company has a 50 day simple moving average of $81.33 and a 200 day simple moving average of $67.85. The stock has a market cap of $12.87 billion and a price-to-earnings ratio of 91.03. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. 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 released 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 company had revenue of $991.00 million for 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. Research analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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 given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SOLS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Royal Bank Of Canada boosted their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.50.

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.