Solstice Advanced Mat Sees Unusually Large Options Volume (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of some unusual options trading on Thursday. Traders acquired 15,912 put options on the company. This represents an increase of 484% compared to the average volume of 2,724 put options.

Institutional Trading of Solstice Advanced Mat

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth $893,275,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $245,276,000. Morgan Stanley bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $195,151,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Finally, UBS Group AG acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $130,269,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. UBS Group raised their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Price Performance

SOLS stock traded down $5.78 during trading on Thursday, hitting $78.70. The stock had a trading volume of 479,958 shares, compared to its average volume of 2,771,467. The stock has a market cap of $12.50 billion and a price-to-earnings ratio of 88.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company’s 50 day moving average price is $78.78 and its two-hundred day moving average price is $64.79. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly 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 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. On average, sell-side analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid 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 is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 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.