Nomura Asset Management Co. Ltd. Makes New $2.28 Million Investment in Solstice Advanced Mat $SOLS

Nomura Asset Management Co. Ltd. acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,843 shares of the company’s stock, valued at approximately $2,276,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SOLS. Bearing Point Capital LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $413,000. DT Investment Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $1,909,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $453,000. Finally, Norges Bank purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $128,368,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Vertical Research cut 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 research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research 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 has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Stock Down 2.9%

Shares of NASDAQ:SOLS opened at $84.13 on Friday. The stock has a market capitalization of $13.36 billion and a price-to-earnings ratio of 94.53. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company’s fifty day moving average is $81.24 and its two-hundred day moving average is $67.75. 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 issued its 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 analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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