Wesbanco Bank Inc. Purchases New Stake in Solstice Advanced Mat $SOLS

Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 13,349 shares of the company’s stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000. JNBA Financial Advisors bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $29,000. Finally, Horizon Investments LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $31,000.

Analyst Upgrades and Downgrades

SOLS has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.20.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $78.25 on Monday. The company has a market capitalization of $12.43 billion and a PE ratio of 300.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The business’s 50-day moving average price is $77.37. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.99.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm 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. As a group, equities analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 115.38%.

Solstice Advanced Mat 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.