Moors & Cabot Inc. Invests $602,000 in Solstice Advanced Mat $SOLS

Moors & Cabot Inc. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,392 shares of the company’s stock, valued at approximately $602,000.

Other hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $27,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $29,000. Finally, Motco acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $30,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $84.23 on Monday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a fifty day simple moving average of $80.06 and a 200 day simple moving average of $66.63. The company has a market capitalization of $13.38 billion and a PE ratio of 94.64. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research lowered shares of 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. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.60.

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.