Stock Traders Buy Large Volume of Solstice Advanced Mat Put Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw unusually large options trading on Tuesday. Stock investors bought 10,203 put options on the company. This represents an increase of approximately 289% compared to the average volume of 2,624 put options.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SOLS shares. Royal Bank Of Canada upped 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 report on Tuesday. BMO Capital Markets raised their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. UBS Group upped their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Vertical Research lowered 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. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.62.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of institutional investors have recently added to or reduced their stakes in SOLS. Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the first quarter worth $26,000. Heritage Wealth Advisors bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $26,000. Finally, Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $88.60 on Wednesday. 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 has a 52 week low of $40.43 and a 52 week high of $90.80. The stock has a market capitalization of $14.07 billion and a P/E ratio of 99.55. The stock has a fifty day moving average of $83.20 and a 200-day moving average of $72.57.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business 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, sell-side analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, May 27th. 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.