Prospera Financial Services Inc Purchases Shares of 85,639 Solstice Advanced Mat $SOLS

Prospera Financial Services Inc purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 85,639 shares of the company’s stock, valued at approximately $4,161,000. Prospera Financial Services Inc owned about 0.05% of Solstice Advanced Mat as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SOLS. Vanguard Group Inc. acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $893,275,000. UBS Group AG acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $130,269,000. Thrivent Financial for Lutherans acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $53,548,000. Principal Financial Group Inc. acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $36,682,000. Finally, Teacher Retirement System of Texas acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $22,277,000.

Wall Street Analyst Weigh In

SOLS has been the topic of several analyst reports. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. UBS Group increased 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Price Performance

SOLS opened at $81.76 on Tuesday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. 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 $12.98 billion and a price-to-earnings ratio of 91.87. The business has a 50 day moving average of $79.19 and a 200-day moving average of $65.56.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data 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 business had revenue of $991.00 million during 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, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share 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 given a $0.075 dividend. This represents a $0.30 annualized dividend 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 33.71%.

Solstice Advanced Mat Company 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.