Solstice Advanced Mat (NASDAQ:SOLS) Reaches New 12-Month High – Still a Buy?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $84.99 and last traded at $83.8950, with a volume of 820502 shares trading hands. The stock had previously closed at $81.07.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 7th. 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. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Solstice Advanced Mat Trading Up 2.9%

The firm has a market capitalization of $13.25 billion and a P/E ratio of 320.33. The company has a 50 day simple moving average of $77.26. The company has a current ratio of 1.39, a quick ratio of 0.98 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 analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million during 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. On average, equities research analysts expect that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Institutional Trading of Solstice Advanced Mat

Institutional investors and hedge funds have recently made changes to their positions in the company. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in Solstice Advanced Mat by 3.3% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter valued at $27,000. Westfuller Advisors LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter valued at $36,000. Finally, Darwin Wealth Management LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter valued at $37,000.

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.