Pinpoint Asset Management Singapore Pte. Ltd. Takes Position in Solstice Advanced Mat $SOLS

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,800 shares of the company’s stock, valued at approximately $622,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $126,000. Keystone Investors PTE Ltd. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $857,000. Wealthspire Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $224,000. Macquarie Group Ltd. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $881,000. Finally, Summit Financial LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $250,000.

Solstice Advanced Mat Trading Up 2.3%

Shares of SOLS opened at $83.06 on Friday. 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 1 year low of $40.43 and a 1 year high of $90.80. The company has a 50 day simple moving average of $81.87 and a two-hundred day simple moving average of $69.17. The firm has a market cap of $13.19 billion and a P/E ratio of 93.33.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a report on Monday. They set a “hold” rating and a $90.00 price target on the stock. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Royal Bank Of Canada increased their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and an average price target of $87.38.

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.