Citizens Financial Group Inc. RI Buys New Shares in Solstice Advanced Mat $SOLS

Citizens Financial Group Inc. RI acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,995 shares of the company’s stock, valued at approximately $685,000.

Other institutional investors have also made changes to their positions in the company. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Solstice Advanced Mat by 3.3% during the first 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 bought a new stake in Solstice Advanced Mat during the 1st quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the first quarter valued at approximately $27,000. Westfuller Advisors LLC acquired a new stake in shares of 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 first quarter worth about $37,000.

Wall Street Analyst Weigh In

A number of research firms have commented on SOLS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a research note on Monday. Royal Bank Of Canada lifted their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Mizuho set a $70.00 price objective on shares of Solstice Advanced Mat in a report on Wednesday. Finally, Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.25.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $63.36 on Wednesday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock has a market cap of $10.06 billion and a PE ratio of 71.19. The firm has a 50-day moving average of $80.68 and a 200-day moving average of $73.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm 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. On average, sell-side analysts anticipate that Solstice Advanced Mat will post 2.65 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Solstice Advanced Mat 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.