Solstice Advanced Mat (NASDAQ:SOLS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Solstice Advanced Mat (NASDAQ:SOLS) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $79.1111.

Several brokerages have commented on SOLS. UBS Group raised their price objective on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada reduced their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Zacks Research raised shares of Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $61.53 on Monday. The company’s fifty day moving average price is $60.66 and its 200-day moving average price is $73.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The firm has a market capitalization of $9.77 billion and a price-to-earnings ratio of 34.76. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The business 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, equities research analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOLS. California State Teachers Retirement System purchased a new position in shares of Solstice Advanced Mat in the second quarter worth $1,445,853,000. State Street Corp purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $245,276,000. Morgan Stanley bought a new stake in Solstice Advanced Mat in the 4th quarter worth about $195,151,000. Madison Avenue Partners LP bought a new stake in Solstice Advanced Mat in the 4th quarter worth about $135,172,000. Finally, Norges Bank purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $128,368,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.