Solstice Advanced Mat (NASDAQ:SOLS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $67.00.

Several equities analysts have recently weighed in on the stock. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Finally, UBS Group cut shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 target price for the company. in a research note on Monday.

Hedge Funds Weigh In On Solstice Advanced Mat

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $26,000. Heritage Wealth Advisors acquired a new stake in Solstice Advanced Mat during the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth $27,000.

Solstice Advanced Mat Stock Up 0.9%

Shares of SOLS opened at $79.96 on Friday. The company has a market cap of $12.70 billion and a PE ratio of 307.54. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $84.44. The business’s 50 day simple moving average is $75.97. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 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.