Legal & General Group Plc Invests $38.86 Million in Solstice Advanced Mat $SOLS

Legal & General Group Plc bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 799,872 shares of the company’s stock, valued at approximately $38,858,000. Legal & General Group Plc owned approximately 0.50% of Solstice Advanced Mat at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $29,000. Finally, Motco acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $30,000.

Solstice Advanced Mat Trading Down 0.4%

Shares of NASDAQ SOLS opened at $84.23 on Friday. The company’s 50 day simple moving average is $80.06 and its 200 day simple moving average is $66.49. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a market capitalization of $13.38 billion and a P/E ratio of 94.64. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share 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 analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

SOLS has been the topic of a number of research reports. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.60.

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.