First American Bank Invests $673,000 in Solstice Advanced Mat $SOLS

First American Bank bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,833 shares of the company’s stock, valued at approximately $673,000.

Other hedge funds also recently bought and sold shares of the company. Silver Oak Securities Incorporated purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $338,000. Kestra Private Wealth Services LLC grew its stake in shares of Solstice Advanced Mat by 15.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,951 shares of the company’s stock valued at $758,000 after buying an additional 1,304 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Solstice Advanced Mat in the first quarter worth approximately $422,000. Brown Lisle Cummings Inc. acquired a new position in Solstice Advanced Mat in the first quarter worth approximately $199,000. Finally, Creek Drive Management Group LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth approximately $301,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SOLS. UBS Group lifted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Truist Financial assumed coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Stock Up 0.3%

Shares of SOLS stock opened at $86.91 on Friday. The stock’s 50 day simple moving average is $82.93 and its 200 day simple moving average is $71.79. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. 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 has a market capitalization of $13.80 billion and a price-to-earnings ratio of 97.65.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly 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 company 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. As a group, research analysts predict that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.

About Solstice Advanced Mat

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.