Gabelli Funds LLC Purchases New Stake in Solstice Advanced Mat $SOLS

Gabelli Funds LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,556 shares of the company’s stock, valued at approximately $3,330,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $27,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $29,000. Finally, Horizon Investments LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $31,000.

Wall Street Analyst Weigh In

SOLS has been the subject of several research analyst reports. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. UBS Group raised their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Finally, Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.60.

Solstice Advanced Mat Stock Down 6.0%

Shares of NASDAQ SOLS opened at $79.38 on Friday. The company has a market capitalization of $12.61 billion and a price-to-earnings ratio of 89.19. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The business has a 50-day moving average of $78.87 and a two-hundred day moving average of $65.03. 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 earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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. On average, analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared 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. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 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.