Lido Advisors LLC Acquires New Stake in Solstice Advanced Mat $SOLS

Lido Advisors LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,189 shares of the company’s stock, valued at approximately $1,272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $649,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $4,796,000. Nwam LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $1,253,000. Fifth Third Bancorp bought a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $4,424,000. Finally, Olstein Capital Management L.P. bought a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $2,803,000.

Analyst Upgrades and Downgrades

SOLS has been the subject of a number of analyst reports. Truist Financial initiated coverage on Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research lowered 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. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday. They issued a “hold” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Down 0.2%

Solstice Advanced Mat stock opened at $80.28 on Wednesday. The firm has a market cap of $12.75 billion and a price-to-earnings ratio of 90.20. The stock has a fifty day simple moving average of $81.56 and a two-hundred day simple moving average of $68.57. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during 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. Equities analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) 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.