Truist Financial Corp Takes $3.64 Million Position in Solstice Advanced Mat $SOLS

Truist Financial Corp bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel reports. The firm bought 74,986 shares of the company’s stock, valued at approximately $3,643,000.

A number of other large investors have also bought and sold shares of the business. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter valued at $26,000. Hoey Investments Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $29,000. Finally, Horizon Investments LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $31,000.

Wall Street Analyst Weigh In

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

Solstice Advanced Mat Stock Up 9.2%

Solstice Advanced Mat stock opened at $85.42 on Tuesday. The firm has a 50-day moving average price of $77.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market capitalization of $13.56 billion and a PE ratio of 328.54. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $86.79.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data 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 firm had revenue of $991.00 million for 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. As a group, sell-side analysts expect that Solstice Advanced Mat will post 2.61 EPS 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. Investors of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s 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.