Solstice Advanced Mat (NASDAQ:SOLS) Receives Average Rating of “Moderate Buy” from Brokerages

Solstice Advanced Mat (NASDAQ:SOLS) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $80.50.

Several equities analysts recently commented on SOLS shares. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Royal Bank Of Canada upped their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. UBS Group reiterated a “buy” rating on shares of Solstice Advanced Mat in a research note on Tuesday. Finally, Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th.

Solstice Advanced Mat Stock Down 0.6%

Shares of SOLS stock opened at $60.54 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The firm has a market cap of $9.61 billion and a PE ratio of 68.02. The stock has a 50 day moving average of $76.79 and a 200-day moving average of $74.31. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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. On average, equities analysts predict that Solstice Advanced Mat will post 2.65 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Institutional Trading of Solstice Advanced Mat

A number of institutional investors and hedge funds have recently modified their holdings of SOLS. Parsons Capital Management Inc. RI acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at about $121,000. Pathway Financial Advisors LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $337,000. Tradewinds Capital Management LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $89,000. Finally, Exchange Traded Concepts LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth about $1,215,000.

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.