Engineers Gate Manager LP Invests $21.98 Million in Solstice Advanced Mat $SOLS

Engineers Gate Manager LP purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 248,135 shares of the company’s stock, valued at approximately $21,985,000.

A number of other institutional investors have also modified their holdings of SOLS. Sequoia Financial Advisors LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $634,000. International Assets Investment Management LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $161,000. Ballentine Partners LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $256,000. NewEdge Wealth LLC bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $493,000. Finally, Midwest Trust Co bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $262,000.

Wall Street Analysts Forecast Growth

SOLS has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Zacks Research upgraded Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a “buy” rating and a $86.00 price objective for the company. Mizuho dropped their target price on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, UBS Group raised their target price on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Stock Down 2.0%

Solstice Advanced Mat stock opened at $63.26 on Thursday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The stock has a market cap of $10.05 billion and a price-to-earnings ratio of 35.74. The company’s 50-day moving average price is $61.41 and its two-hundred day moving average price is $73.60. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is 16.95%.

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.