Bleakley Financial Group LLC Invests $907,000 in Solstice Advanced Mat $SOLS

Bleakley Financial Group LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,671 shares of the company’s stock, valued at approximately $907,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $893,275,000. UBS Group AG purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $130,269,000. Thrivent Financial for Lutherans purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $53,548,000. Legal & General Group Plc purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $38,858,000. Finally, Principal Financial Group Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $36,682,000.

Wall Street Analysts Forecast Growth

SOLS has been the subject of a number of recent research reports. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. Finally, UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have issued 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 $73.60.

Solstice Advanced Mat Stock Down 0.4%

SOLS opened at $84.23 on Friday. 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 stock has a market capitalization of $13.38 billion and a price-to-earnings ratio of 94.64. The business has a 50-day moving average of $80.06 and a two-hundred day moving average of $66.49. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

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