Investors Purchase High Volume of Solstice Advanced Mat Put Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw unusually large options trading activity on Thursday. Stock traders purchased 30,126 put options on the stock. This is an increase of approximately 576% compared to the average daily volume of 4,454 put options.

Solstice Advanced Mat Trading Up 1.2%

Solstice Advanced Mat stock opened at $56.98 on Friday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm’s 50-day moving average is $59.61 and its 200-day moving average is $71.52. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The company has a market cap of $9.05 billion and a P/E ratio of 32.19.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, equities analysts expect that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.0750 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 16.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOLS. State Street Corp acquired a new stake in Solstice Advanced Mat in the second quarter worth $448,557,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Norges Bank acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $128,368,000. Geode Capital Management LLC bought a new stake in Solstice Advanced Mat in the 4th quarter valued at about $110,395,000. Finally, Bank of America Corp DE acquired a new position in Solstice Advanced Mat during the 2nd quarter valued at about $153,615,000.

Analysts Set New Price Targets

SOLS has been the topic of several recent research reports. UBS Group lifted their target price on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a “buy” rating and a $86.00 price objective on the stock. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Mizuho dropped their target price on Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Zacks Research cut Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a report on Monday. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.56.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.