67,737 Shares in Solstice Advanced Mat $SOLS Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,737 shares of the company’s stock, valued at approximately $3,291,000. Solstice Advanced Mat makes up about 0.5% of Versor Investments LP’s holdings, making the stock its 29th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $4,796,000. Davidson Investment Advisors purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $5,485,000. CENTRAL TRUST Co purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $1,038,000. Fifth Third Bancorp purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $4,424,000. Finally, Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $649,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.20.

Solstice Advanced Mat Stock Up 9.2%

SOLS opened at $85.42 on Tuesday. 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 stock has a market capitalization of $13.56 billion and a P/E ratio of 328.54. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $86.79. The firm’s fifty day moving average is $77.48.

Solstice Advanced Mat (NASDAQ:SOLS) last posted 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 for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 115.38%.

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.