Solstice Advanced Mat (NASDAQ:SOLS) Trading 7.8% Higher – Should You Buy?

Solstice Advanced Mat (NASDAQ:SOLS) shot up 7.8% during mid-day trading on Tuesday . The stock traded as high as $88.44 and last traded at $88.9880. Approximately 226,159 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,576,584 shares. The stock had previously closed at $82.54.

Analyst Ratings Changes

Several research firms recently commented on SOLS. Mizuho boosted their target price on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Vertical Research cut 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. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, UBS Group upped their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three equities 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 company has a consensus rating of “Hold” and an average price target of $89.50.

Solstice Advanced Mat Trading Down 6.4%

The firm has a market capitalization of $13.17 billion and a price-to-earnings ratio of 93.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company has a 50-day moving average price of $83.23 and a 200-day moving average price of $72.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat

Several large investors have recently bought and sold shares of the stock. Associated Banc Corp increased its position in shares of Solstice Advanced Mat by 10.1% during the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after purchasing an additional 654 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Solstice Advanced Mat during the 1st quarter worth approximately $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Solstice Advanced Mat by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock worth $3,182,000 after buying an additional 2,480 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Solstice Advanced Mat in the first quarter valued at approximately $685,000. Finally, Fifth Third Bancorp lifted its stake in Solstice Advanced Mat by 38.5% in the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after buying an additional 35,102 shares during the last quarter.

Solstice Advanced Mat Company 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.