Roffman Miller Associates Inc. PA acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,117 shares of the company’s stock, valued at approximately $2,225,000.
Other large investors have also modified their holdings of the company. Wesbanco Bank Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth about $649,000. Fifth Third Bancorp purchased a new stake in Solstice Advanced Mat during the fourth quarter worth about $4,424,000. Carnegie Investment Counsel acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth about $2,628,000. Nwam LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $1,253,000. Finally, Crestwood Advisors Group LLC purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $709,000.
Solstice Advanced Mat Stock Up 12.8%
Shares of NASDAQ:SOLS opened at $63.53 on Friday. The firm’s 50 day moving average price is $64.99 and its 200 day moving average price is $74.31. The stock has a market cap of $10.09 billion and a price-to-earnings ratio of 35.89. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30.
Solstice Advanced Mat Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is 16.95%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on SOLS shares. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. UBS Group upped their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Wednesday, July 22nd. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Finally, Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.
Read Our Latest Stock Analysis on Solstice Advanced Mat
Key Stories Impacting Solstice Advanced Mat
Here are the key news stories impacting Solstice Advanced Mat this week:
- Positive Sentiment: Merger termination removes deal-related concerns. Solstice and Element Solutions mutually agreed to end their cash-and-stock merger after shareholder feedback. The decision eliminates a large, complex transaction and signals that management and the boards believe Solstice is better positioned as a standalone company. Neither side will pay a termination fee. Solstice Announces Mutual Termination of Merger Agreement
- Positive Sentiment: $500 million share-repurchase authorization supports the stock. Solstice’s board approved the company’s first buyback program, giving management a way to return cash to investors and potentially reduce the share count. The authorization also addresses concerns that the Element transaction could have diluted shareholder value. Solstice Launches Share Buyback
- Positive Sentiment: 2026 outlook was reaffirmed. Management maintained its third-quarter and full-year 2026 guidance, reducing fears that ending the merger reflects weakening operating conditions. The company’s latest reported quarter also exceeded earnings expectations, with earnings per share of $0.88 versus a $0.79 consensus estimate.
- Neutral Sentiment: Analyst targets remain above the current trading level. Recent targets for SOLS have a median of $95, although targets are estimates rather than guarantees and may not reflect the newly standalone strategy. Analyst Price Targets for Solstice
- Negative Sentiment: Heavy put-option activity is a risk signal. Investors traded 16,453 put options, roughly 283% above average daily volume, suggesting some traders are positioning for downside or hedging after the sharp move. This activity does not necessarily indicate a fundamental deterioration.
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.
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