Creek Drive Management Group LLC Takes $301,000 Position in Solstice Advanced Mat $SOLS

Creek Drive Management Group LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel.com reports. The firm bought 6,200 shares of the company’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $26,000. Heritage Wealth Advisors purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $26,000. Hoey Investments Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $27,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $85.57 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a market capitalization of $13.59 billion and a PE ratio of 96.15. The business’s fifty day moving average is $82.57 and its 200 day moving average is $70.53.

Solstice Advanced Mat (NASDAQ:SOLS) last posted 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 business 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 research analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm 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. 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 (DPR) is presently 33.71%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. UBS Group increased their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock 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 objective for the company. in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Company Profile

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.