New York State Teachers Retirement System Decreases Position in Solstice Advanced Mat $SOLS

New York State Teachers Retirement System trimmed its holdings in Solstice Advanced Mat (NASDAQ:SOLS) by 6.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,132 shares of the company’s stock after selling 11,429 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Solstice Advanced Mat worth $11,967,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $4,796,000. Nwam LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $1,253,000. Fifth Third Bancorp purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $4,424,000. Finally, Olstein Capital Management L.P. acquired a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $2,803,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. 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. Mizuho boosted their price objective on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Finally, BMO Capital Markets upped their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $80.19 on Monday. 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 $12.73 billion and a P/E ratio of 90.10. The business has a 50 day moving average price of $83.21 and a 200 day moving average price of $73.23. 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 the consensus estimate of $0.60 by $0.03. The firm 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. Sell-side analysts expect that Solstice Advanced Mat will post 2.64 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s 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.