Sequoia Financial Advisors LLC Buys Shares of 13,058 Solstice Advanced Mat $SOLS

Sequoia Financial Advisors LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,058 shares of the company’s stock, valued at approximately $634,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $29,000. Finally, Horizon Investments LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $31,000.

Analyst Ratings Changes

Several research firms have weighed in on SOLS. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Finally, Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Solstice Advanced Mat has an average rating of “Hold” and an average price target of $73.60.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $85.11 on Friday. The firm has a market cap of $13.52 billion and a price-to-earnings ratio of 95.63. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The firm’s 50-day moving average price is $78.31.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm 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, equities research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

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