Solstice Advanced Mat Target of Unusually Large Options Trading (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the target of some unusual options trading activity on Thursday. Investors bought 18,023 put options on the company. This is an increase of 330% compared to the typical volume of 4,189 put options.

Analyst Ratings Changes

Several brokerages have recently weighed in on SOLS. Mizuho dropped their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. BMO Capital Markets reduced their price objective on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada lowered their target price on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Truist Financial set a $75.00 price target on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat currently has an average rating of “Moderate Buy” and an average price target of $78.25.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of institutional investors have recently added to or reduced their stakes in SOLS. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth $893,275,000. State Street Corp bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $245,276,000. Morgan Stanley purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $195,151,000. Madison Avenue Partners LP purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $135,172,000. Finally, UBS Group AG purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $130,269,000.

Solstice Advanced Mat Price Performance

SOLS stock traded up $0.69 during trading on Thursday, reaching $62.90. The company’s stock had a trading volume of 655,135 shares, compared to its average volume of 2,882,930. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average is $70.78 and its 200-day moving average is $74.80. The company has a market capitalization of $9.99 billion and a P/E ratio of 35.52. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, research analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is presently 16.95%.

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.