HB Wealth Management LLC Acquires New Shares in Solstice Advanced Mat $SOLS

HB Wealth Management LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,260 shares of the company’s stock, valued at approximately $1,162,000.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Truist Financial assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. TD Cowen began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. BMO Capital Markets upped their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Trading Down 1.8%

Shares of SOLS stock opened at $61.01 on Thursday. The business has a 50-day moving average price of $82.16 and a two-hundred day moving average price of $73.56. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The firm has a market cap of $9.69 billion and a P/E ratio of 68.55.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating 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. Equities analysts anticipate that Solstice Advanced Mat will post 2.64 EPS 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. Shareholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

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.