12,288 Shares in Solstice Advanced Mat $SOLS Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 12,288 shares of the company’s stock, valued at approximately $597,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $29,000. Finally, Motco acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $30,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $84.23 on Friday. The stock’s 50-day simple moving average is $80.06 and its 200 day simple moving average is $66.49. The stock has a market capitalization of $13.38 billion and a price-to-earnings ratio of 94.64. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-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 business had revenue of $991.00 million during 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. Research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued 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 payout ratio is 33.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SOLS. UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and an average price target of $73.60.

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.