Solstice Advanced Mat Sees Unusually High Options Volume (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw some unusual options trading on Wednesday. Investors purchased 4,106 call options on the company. This is an increase of 20% compared to the typical daily volume of 3,428 call options.

Solstice Advanced Mat Stock Down 2.9%

Shares of Solstice Advanced Mat stock traded down $1.83 during trading hours on Wednesday, reaching $60.27. The company’s stock had a trading volume of 2,764,695 shares, compared to its average volume of 2,753,330. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company has a market capitalization of $9.57 billion and a P/E ratio of 67.70. The stock’s fifty day simple moving average is $82.56 and its two-hundred day simple moving average is $73.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its 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 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, research analysts forecast that Solstice Advanced Mat will post 2.64 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho raised 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, July 1st. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Truist Financial began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. UBS Group boosted their target price 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, Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Solstice Advanced Mat has an average rating of “Hold” and an average target price of $89.50.

Hedge Funds Weigh In On Solstice Advanced Mat

Hedge funds have recently bought and sold shares of the company. Westerkirk Capital Inc. bought a new stake in Solstice Advanced Mat in the 4th quarter worth about $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new stake in Solstice Advanced Mat during the fourth quarter worth $26,000. Finally, Hoey Investments Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter worth $27,000.

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.