State of New Jersey Common Pension Fund D Takes $2.82 Million Position in Solstice Advanced Mat $SOLS

State of New Jersey Common Pension Fund D acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 58,078 shares of the company’s stock, valued at approximately $2,821,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $893,275,000. UBS Group AG acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $130,269,000. Teacher Retirement System of Texas acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $22,277,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $20,987,000. Finally, Private Wealth Partners LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $14,827,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SOLS shares. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, January 7th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, UBS Group cut shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat currently has a consensus rating of “Hold” and an average price target of $67.00.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock opened at $83.56 on Wednesday. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $84.99. The stock has a market capitalization of $13.27 billion and a PE ratio of 321.38. The stock’s 50-day moving average price is $77.33. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts predict that Solstice Advanced Mat will post 2.66 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

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.