Solstice Advanced Mat $SOLS Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in Solstice Advanced Mat (NASDAQ:SOLS) by 31.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,986 shares of the company’s stock after selling 17,805 shares during the period. Keybank National Association OH’s holdings in Solstice Advanced Mat were worth $2,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat during the 1st quarter valued at approximately $26,000. Heritage Wealth Advisors acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $26,000. Finally, Hoey Investments Inc. bought a new position in Solstice Advanced Mat during the 4th quarter worth $27,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SOLS shares. BMO Capital Markets increased their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Vertical Research downgraded shares of 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. Truist Financial began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. 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. Finally, UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $80.19 on Monday. 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 has a 1-year low of $40.43 and a 1-year high of $90.80. The business’s fifty day moving average price is $83.21 and its two-hundred day moving average price is $73.23. The company has a market capitalization of $12.73 billion and a P/E ratio of 90.10.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results 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 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. As a group, research analysts forecast that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business 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 was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 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.