Dana Investment Advisors Inc. Buys New Position in Solstice Advanced Mat $SOLS

Dana Investment Advisors Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The firm bought 14,838 shares of the company’s stock, valued at approximately $721,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $4,796,000. Nwam LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $1,253,000. Fifth Third Bancorp acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $4,424,000. Finally, Davidson Investment Advisors acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $5,485,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. 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. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Stock Down 3.6%

Shares of NASDAQ:SOLS opened at $82.07 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock’s 50 day moving average price is $78.41. The firm has a market capitalization of $13.03 billion and a price-to-earnings ratio of 92.21.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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. Equities research analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

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.