Louisiana State Employees Retirement System Purchases Shares of 46,000 Solstice Advanced Mat $SOLS

Louisiana State Employees Retirement System acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, Holdings Channel reports. The institutional investor acquired 46,000 shares of the company’s stock, valued at approximately $3,503,000.

Other institutional investors have also recently modified their holdings of the company. Westerkirk Capital Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter worth approximately $26,000. Heritage Wealth Advisors purchased a new position in Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $82.69 on Friday. The firm has a fifty day moving average price of $83.00 and a 200 day moving average price of $71.87. 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 stock has a market cap of $13.13 billion and a P/E ratio of 92.91.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million during 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 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on SOLS. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada boosted their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.38.

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.