Groupama Asset Managment Takes $2.46 Million Position in Solstice Advanced Mat $SOLS

Groupama Asset Managment bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,610 shares of the company’s stock, valued at approximately $2,459,000.

Other institutional investors have also recently bought and sold shares of the company. Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Heritage Wealth Advisors acquired a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SOLS shares. Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research downgraded 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 report on Thursday, May 14th. Royal Bank Of Canada boosted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, 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. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Trading Up 0.5%

Shares of SOLS opened at $85.57 on Friday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $82.52 and a two-hundred day simple moving average of $70.42. The stock has a market capitalization of $13.59 billion and a P/E ratio of 96.15.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping 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, research analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio 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.