Legal & General Group Plc Makes New Investment in Solstice Advanced Mat $SOLS

Legal & General Group Plc bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, HoldingsChannel reports. The firm bought 799,872 shares of the company’s stock, valued at approximately $38,858,000.

Several other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $27,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $29,000. Finally, Motco acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $30,000.

Analyst Upgrades and Downgrades

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

Solstice Advanced Mat Trading Down 0.4%

Shares of NASDAQ:SOLS opened at $84.23 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. 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’s fifty day simple moving average is $80.06 and its 200 day simple moving average is $66.49. The firm has a market cap of $13.38 billion and a price-to-earnings ratio of 94.64.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. 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 (DPR) is presently 33.71%.

About Solstice Advanced Mat

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.