Madison Avenue Partners LP Makes New Investment in Solstice Advanced Mat $SOLS

Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,782,460 shares of the company’s stock, valued at approximately $135,172,000. Solstice Advanced Mat accounts for 5.8% of Madison Avenue Partners LP’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $893,275,000. State Street Corp acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $245,276,000. Morgan Stanley acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $195,151,000. UBS Group AG acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $130,269,000. Finally, Norges Bank acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $128,368,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SOLS. 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 research note on Friday, June 5th. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, TD Cowen began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $85.14 on Thursday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The firm has a market capitalization of $13.52 billion and a price-to-earnings ratio of 95.66. The business has a 50-day simple moving average of $82.36 and a 200 day simple moving average of $70.15. 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 (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 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.