Deroy & Devereaux Private Investment Counsel Inc. Takes Position in Solstice Advanced Mat $SOLS

Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel reports. The fund purchased 432,002 shares of the company’s stock, valued at approximately $20,987,000.

Other institutional investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $26,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $29,000. Peoples Financial Services CORP. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $37,000. Towne Trust Company N.A bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $44,000. Finally, GHP Investment Advisors Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter worth about $55,000.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $81.20 on Friday. The firm has a market capitalization of $12.89 billion and a PE ratio of 312.31. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $84.44. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. The business’s 50 day simple moving average is $76.30.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 115.38%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, January 7th. Finally, Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $67.00.

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.