Solstice Advanced Mat (NASDAQ:SOLS) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have $48.00 price target on the stock, down from their prior price target of $90.00.

Several other analysts have also weighed in on SOLS. Mizuho raised their price objective on 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 target for the company. in a research report on Thursday, May 14th. Royal Bank Of Canada increased their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, BMO Capital Markets lifted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $87.62.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $62.80 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a market cap of $9.97 billion and a PE ratio of 70.56. The company has a 50 day moving average of $81.82 and a 200-day moving average of $73.64. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (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. As a group, equities research analysts forecast that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.

Institutional Trading of Solstice Advanced Mat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth $2,259,000. Parsons Capital Management Inc. RI purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth $121,000. Pathway Financial Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth $337,000. Finally, Tradewinds Capital Management LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter worth about $89,000.

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.