Solstice Advanced Mat (NASDAQ:SOLS) Hits New 12-Month High – Time to Buy?

Solstice Advanced Mat (NASDAQ:SOLS)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $85.63 and last traded at $86.1650, with a volume of 1802198 shares changing hands. The stock had previously closed at $78.25.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SOLS shares. UBS Group upped their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.20.

Solstice Advanced Mat Stock Performance

The company’s fifty day simple moving average is $77.37. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The firm has a market cap of $13.57 billion and a PE ratio of 328.54.

Solstice Advanced Mat (NASDAQ:SOLS) last announced 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. On average, equities research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 115.38%.

Hedge Funds Weigh In On Solstice Advanced Mat

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