8,507 Shares in Solstice Advanced Mat $SOLS Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, HoldingsChannel.com reports. The fund bought 8,507 shares of the company’s stock, valued at approximately $648,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $27,000. Spectrum Asset Management Inc. NB CA lifted its position in Solstice Advanced Mat by 219.1% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 14,993 shares of the company’s stock valued at $1,142,000 after buying an additional 10,295 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Solstice Advanced Mat by 8.6% during the first quarter. Pictet Asset Management Holding SA now owns 25,871 shares of the company’s stock worth $1,970,000 after buying an additional 2,043 shares during the period. ABN AMRO Bank N.V. purchased a new position in Solstice Advanced Mat during the first quarter worth about $707,000. Finally, Fruth Investment Management acquired a new stake in shares of Solstice Advanced Mat during the first quarter valued at about $252,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Mizuho increased their price objective on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday. Vertical Research downgraded 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. UBS Group boosted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.50.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $80.19 on Friday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock’s fifty day simple moving average is $83.21 and its 200-day simple moving average is $73.06. 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 firm has a market capitalization of $12.73 billion and a P/E ratio of 90.10.

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 the consensus estimate of $0.60 by $0.03. The company 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. As a group, equities analysts expect 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 given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 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.