Saybrook Capital NC Takes $363,000 Position in Solstice Advanced Mat $SOLS

Saybrook Capital NC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,476 shares of the company’s stock, valued at approximately $363,000.

Several other hedge funds have also recently bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $366,000. UBS Group AG purchased a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $130,269,000. Sanctuary Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $676,000. Advisors Capital Management LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $2,116,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $1,421,000.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $81.30 on Monday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44. The stock has a market cap of $12.91 billion and a P/E ratio of 312.69. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. The business’s fifty day moving average price is $77.22.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Analysts forecast that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is 115.38%.

Analyst Ratings Changes

A number of analysts recently weighed in on SOLS shares. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, January 7th. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. UBS Group downgraded Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Monday, April 13th. Finally, Wall Street Zen lowered Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.00.

Solstice Advanced Mat 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.