Hamel Associates Inc. Purchases Shares of 7,140 Solstice Advanced Mat $SOLS

Hamel Associates Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,140 shares of the company’s stock, valued at approximately $347,000.

Several other large investors have also recently bought and sold shares of the stock. Westerkirk Capital Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Finally, JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $29,000.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $77.69 on Thursday. 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 firm has a market capitalization of $12.34 billion and a price-to-earnings ratio of 87.29. The firm’s 50 day simple moving average is $81.66 and its 200 day simple moving average is $68.81. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm 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 expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Analysts Set New Price Targets

SOLS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. BMO Capital Markets increased their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 target price on the stock. Finally, 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 research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus price target of $87.38.

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.