Advisory Resource Group Makes New Investment in Solstice Advanced Mat $SOLS

Advisory Resource Group bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The firm bought 35,895 shares of the company’s stock, valued at approximately $1,744,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOLS. Vanguard Group Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $893,275,000. UBS Group AG acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $130,269,000. Norges Bank acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $128,368,000. Geode Capital Management LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $110,395,000. Finally, Franklin Resources Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $63,546,000.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $81.17 on Friday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The firm has a market capitalization of $12.89 billion and a price-to-earnings ratio of 91.20. The business has a 50-day simple moving average of $81.76 and a 200 day simple moving average of $69.07. 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 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 firm 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, research analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were 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 of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

SOLS has been the subject of several research analyst reports. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. Truist Financial initiated coverage on Solstice Advanced Mat in a research report on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada lifted their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.38.

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.