Thrivent Financial for Lutherans Buys Shares of 1,102,284 Solstice Advanced Mat $SOLS

Thrivent Financial for Lutherans bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,102,284 shares of the company’s stock, valued at approximately $53,548,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $29,000. Finally, Horizon Investments LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $31,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $85.11 on Friday. The stock has a market capitalization of $13.52 billion and a P/E ratio of 95.63. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. 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 business’s 50-day moving average price is $78.31.

Solstice Advanced Mat (NASDAQ:SOLS) last released its 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 company had revenue of $991.00 million during 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. On average, analysts anticipate 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. Investors of record on Wednesday, May 27th will be given a $0.075 dividend. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two 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 currently has an average rating of “Hold” and a consensus target price of $73.60.

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.