Solstice Advanced Mat (NASDAQ:SOLS) Given Average Rating of “Hold” by Brokerages

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $87.6250.

Several research firms recently weighed in on SOLS. Vertical Research lowered 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 research note on Thursday, May 14th. Royal Bank Of Canada lifted their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets raised their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th.

Solstice Advanced Mat Stock Up 7.3%

Solstice Advanced Mat stock opened at $88.60 on Wednesday. The company’s 50 day simple moving average is $83.20 and its 200 day simple moving average is $72.57. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a market capitalization of $14.07 billion and a price-to-earnings ratio of 99.55. 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 released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

Institutional Trading of Solstice Advanced Mat

Several hedge funds have recently bought and sold shares of the stock. Associated Banc Corp raised its holdings in Solstice Advanced Mat by 10.1% during the 1st quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after buying an additional 654 shares during the period. Carnegie Investment Counsel acquired a new stake in Solstice Advanced Mat during the 1st quarter worth approximately $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Solstice Advanced Mat by 6.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock worth $3,182,000 after buying an additional 2,480 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Solstice Advanced Mat during the 1st quarter worth approximately $685,000. Finally, Fifth Third Bancorp raised its holdings in Solstice Advanced Mat by 38.5% during the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares during the period.

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.