Solstice Advanced Mat Sees Unusually High Options Volume (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the target of unusually large options trading on Tuesday. Stock traders purchased 10,203 put options on the stock. This is an increase of approximately 289% compared to the typical volume of 2,624 put options.

Hedge Funds Weigh In On Solstice Advanced Mat

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat in the fourth quarter worth $625,000. JFS Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $89,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SOLS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 price objective (up from $100.00) on shares of Solstice Advanced Mat in a research note on Tuesday. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Finally, BMO Capital Markets raised their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $87.62.

Solstice Advanced Mat Stock Up 6.9%

Shares of NASDAQ:SOLS traded up $5.71 during mid-day trading on Tuesday, hitting $88.25. 143,456 shares of the company traded hands, compared to its average volume of 2,576,313. The firm has a market cap of $14.01 billion and a P/E ratio of 99.17. The firm’s 50 day simple moving average is $83.05 and its 200 day simple moving average is $72.29. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating 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 analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, May 27th. 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.