DNB Asset Management AS Invests $1.96 Million in Solstice Advanced Mat $SOLS

DNB Asset Management AS acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,284 shares of the company’s stock, valued at approximately $1,957,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $2,259,000. Parsons Capital Management Inc. RI purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $625,000. JFS Wealth Advisors LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $121,000. Pathway Financial Advisors LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $89,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SOLS shares. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday, May 14th. Finally, UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.60.

Solstice Advanced Mat Trading Up 5.8%

Shares of SOLS stock opened at $84.48 on Thursday. The stock has a market capitalization of $13.42 billion and a PE ratio of 94.92. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The business has a 50-day moving average of $78.78 and a 200 day moving average of $64.79. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company 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, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

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.