57,418 Shares in Solstice Advanced Mat $SOLS Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new position 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 57,418 shares of the company’s stock, valued at approximately $2,789,000.

A number of other hedge funds have also recently made changes to their positions in the stock. LaFleur & Godfrey LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $494,000. Palmer Knight Co purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $426,000. Broadwater Capital Management LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $72,000. BOKF NA purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $3,319,000. Finally, Matthew 25 Management Corp purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $4,907,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SOLS. UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.20.

Solstice Advanced Mat Stock Up 0.6%

Solstice Advanced Mat stock opened at $78.25 on Friday. The firm has a market cap of $12.43 billion and a price-to-earnings ratio of 300.96. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.98 and a current ratio of 1.43. The business’s 50 day simple moving average is $77.37.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts anticipate that Solstice Advanced Mat will post 2.68 earnings per share 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 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 yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 115.38%.

Solstice Advanced Mat 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.