Principal Financial Group Inc. Purchases New Position in Solstice Advanced Mat $SOLS

Principal Financial Group Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 755,089 shares of the company’s stock, valued at approximately $36,682,000.

A number of other institutional investors have also recently made changes to their positions in SOLS. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000. JNBA Financial Advisors bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $29,000. Finally, Horizon Investments LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $31,000.

Analyst Upgrades and Downgrades

SOLS has been the subject of a number of analyst reports. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Finally, UBS Group raised their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and an average price target of $67.20.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $78.25 on Friday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 0.98. The company has a market cap of $12.43 billion and a price-to-earnings ratio of 300.96. The business’s 50 day simple moving average is $77.37.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for 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 forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.

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.