Harbor Investment Advisory LLC Buys Shares of 7,141 Solstice Advanced Mat $SOLS

Harbor Investment Advisory LLC purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,141 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors have also recently made changes to their positions in SOLS. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in shares of Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after purchasing an additional 146 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Solstice Advanced Mat during the first quarter valued at about $27,000. Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $26,000. Finally, Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth about $26,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Mizuho increased 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and a consensus price target of $89.50.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock opened at $80.19 on Friday. The stock’s 50 day simple moving average is $83.23 and its two-hundred day simple moving average is $73.01. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market cap of $12.73 billion and a price-to-earnings ratio of 90.10. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results 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 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. As a group, analysts expect that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 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.