Crestwood Advisors Group LLC Takes $709,000 Position in Solstice Advanced Mat $SOLS

Crestwood Advisors Group LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,595 shares of the company’s stock, valued at approximately $709,000.

Several other large investors have also made changes to their positions in SOLS. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $4,796,000. Davidson Investment Advisors purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $5,485,000. Fifth Third Bancorp purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $4,424,000. Aberdeen Group plc purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $8,227,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $1,215,000.

Wall Street Analyst Weigh In

SOLS has been the topic of a number of recent analyst reports. 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. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and an average target price of $67.20.

Solstice Advanced Mat Stock Up 0.6%

SOLS opened at $78.25 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $12.43 billion and a P/E ratio of 300.96. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.99. The firm’s fifty day moving average is $77.37.

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 company 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, research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 115.38%.

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.