Berkshire Asset Management LLC PA Takes Position in Solstice Advanced Mat $SOLS

Berkshire Asset Management LLC PA bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,166 shares of the company’s stock, valued at approximately $2,534,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westerkirk Capital Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $27,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $83.56 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The business has a fifty day simple moving average of $82.22 and a 200 day simple moving average of $69.88. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The company has a market capitalization of $13.27 billion and a PE ratio of 93.89.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data 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 firm 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. Research analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. 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 dividend payout ratio (DPR) is currently 33.71%.

Analyst Upgrades and Downgrades

SOLS has been the subject of several research reports. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. UBS Group lifted their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, BMO Capital Markets upped their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.