Solstice Advanced Mat (NASDAQ:SOLS) Shares Up 7.8% – What’s Next?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) were up 7.8% on Tuesday . The company traded as high as $88.44 and last traded at $88.9880. Approximately 226,159 shares traded hands during trading, a decline of 91% from the average daily volume of 2,576,584 shares. The stock had previously closed at $82.54.

Analysts Set New Price Targets

SOLS has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. BMO Capital Markets raised their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.62.

Solstice Advanced Mat Stock Up 6.8%

The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $14.00 billion and a P/E ratio of 99.54. The company has a 50 day simple moving average of $83.05 and a two-hundred day simple moving average of $72.29.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company 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. On average, equities analysts predict that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOLS. Vanguard Group Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $893,275,000. State Street Corp purchased a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $245,276,000. Morgan Stanley purchased a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $195,151,000. Madison Avenue Partners LP bought a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $135,172,000. Finally, UBS Group AG bought a new stake in Solstice Advanced Mat in the 4th quarter worth approximately $130,269,000.

About Solstice Advanced Mat

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.