Spectrum Asset Management Inc. NB CA Increases Holdings in Solstice Advanced Mat $SOLS

Spectrum Asset Management Inc. NB CA lifted its holdings in Solstice Advanced Mat (NASDAQ:SOLS) by 219.1% in the first quarter, Holdings Channel reports. The fund owned 14,993 shares of the company’s stock after purchasing an additional 10,295 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in Solstice Advanced Mat were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westerkirk Capital Inc. bought 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 4th quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $26,000. Hoey Investments Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $27,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SOLS. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Truist Financial began coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Vertical Research lowered 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 note on Thursday, May 14th. UBS Group boosted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, BMO Capital Markets increased their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Down 4.9%

Shares of NASDAQ:SOLS opened at $82.69 on Friday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The business has a 50 day simple moving average of $83.00 and a two-hundred day simple moving average of $71.87. The firm has a market capitalization of $13.13 billion and a PE ratio of 92.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for 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, equities analysts predict that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

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