HighPoint Advisor Group LLC Acquires Shares of 18,176 Solstice Advanced Mat $SOLS

HighPoint Advisor Group LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,176 shares of the company’s stock, valued at approximately $883,000.

Other large investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new position in Solstice Advanced Mat during the 4th quarter valued at $29,000. Finally, Horizon Investments LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at $31,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SOLS. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. UBS Group raised their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.20.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $88.57 on Thursday. 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 $14.06 billion and a price-to-earnings ratio of 340.65. The company’s fifty day simple moving average is $77.85. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business 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. As a group, equities analysts anticipate that Solstice Advanced Mat will post 2.61 EPS 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. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.

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.