CapWealth Advisors LLC Takes Position in Solstice Advanced Mat $SOLS

CapWealth Advisors LLC purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,447 shares of the company’s stock, valued at approximately $2,839,000.

A number of other institutional investors also recently modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $625,000. JFS Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $121,000. Pathway Financial Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $89,000.

Solstice Advanced Mat Stock Down 1.9%

NASDAQ:SOLS opened at $80.40 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $77.26. The company has a market capitalization of $12.77 billion and a price-to-earnings ratio of 309.21. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $987.00 million during the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities research analysts expect that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 115.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group lowered Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Monday, April 13th. Wall Street Zen lowered Solstice Advanced Mat from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and an average price target of $67.00.

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.