2,642,400 Shares in Solstice Advanced Mat $SOLS Bought by Norges Bank

Norges Bank acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,642,400 shares of the company’s stock, valued at approximately $128,368,000. Norges Bank owned 1.66% of Solstice Advanced Mat as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $893,275,000. UBS Group AG bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $130,269,000. Geode Capital Management LLC acquired a new position in shares of Solstice Advanced Mat in the fourth quarter worth approximately $110,395,000. Thrivent Financial for Lutherans acquired a new position in shares of Solstice Advanced Mat in the fourth quarter worth approximately $53,548,000. Finally, Legal & General Group Plc bought a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $38,858,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SOLS shares. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Trading Down 2.9%

NASDAQ SOLS opened at $84.13 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 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 business has a 50 day moving average price of $81.24 and a 200-day moving average price of $67.75. The company has a market cap of $13.36 billion and a price-to-earnings ratio of 94.53.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm 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. As a group, equities analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 33.71%.

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.