Congruence Capital LLC Makes New $13.58 Million Investment in Solstice Advanced Mat $SOLS

Congruence Capital LLC purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel reports. The firm purchased 279,490 shares of the company’s stock, valued at approximately $13,578,000. Solstice Advanced Mat comprises about 5.0% of Congruence Capital LLC’s portfolio, making the stock its 8th largest position.

A number of other hedge funds have also bought and sold shares of the business. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Solstice Advanced Mat in the 4th quarter valued at $1,727,000. Dockside LLC purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $1,437,000. Evelyn Partners Investment Management LLP bought a new position in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $175,000. Arax Advisory Partners purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $78,000. Finally, Brown Advisory Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $863,000.

Solstice Advanced Mat Trading Up 2.3%

Shares of Solstice Advanced Mat stock opened at $83.06 on Friday. The company’s 50-day moving average price is $81.87 and its 200-day moving average price is $69.17. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a market cap of $13.19 billion and a price-to-earnings ratio of 93.33.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SOLS. TD Cowen initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Royal Bank Of Canada lifted their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus price target of $87.38.

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.