HighTower Advisors LLC Makes New Investment in Solstice Advanced Mat $SOLS

HighTower Advisors LLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 76,770 shares of the company’s stock, valued at approximately $3,730,000.

A number of other hedge funds have also bought and sold shares of the business. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $29,000. Finally, Horizon Investments LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $31,000.

Analyst Ratings Changes

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

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $84.23 on Friday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a market capitalization of $13.38 billion and a P/E ratio of 94.64. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $80.06 and a 200-day moving average price of $66.49.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business 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. Equities research 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 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 dividend payout ratio is currently 33.71%.

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.