Bowen Hanes & Co. Inc. Purchases Shares of 979,398 Solstice Advanced Mat $SOLS

Bowen Hanes & Co. Inc. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 979,398 shares of the company’s stock, valued at approximately $47,579,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wesbanco Bank Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $649,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $4,796,000. Nwam LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $1,253,000. Fifth Third Bancorp bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $4,424,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $1,038,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SOLS shares. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Trading Down 0.9%

SOLS opened at $86.60 on Thursday. The firm has a market cap of $13.75 billion and a P/E ratio of 97.30. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $81.00 and a 200 day moving average of $67.47.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio (DPR) 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.