Pinnacle Associates Ltd. Acquires New Shares in Solstice Advanced Mat $SOLS

Pinnacle Associates Ltd. acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 28,484 shares of the company’s stock, valued at approximately $1,384,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $29,000. Finally, Horizon Investments LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $31,000.

Solstice Advanced Mat Stock Down 2.0%

Shares of NASDAQ SOLS opened at $85.11 on Friday. The company has a market cap of $13.52 billion and a price-to-earnings ratio of 95.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The business has a 50-day simple moving average of $78.31. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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. As a group, research analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.60.

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.