Bleakley Financial Group LLC Takes Position in Solstice Advanced Mat $SOLS

Bleakley Financial Group LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 18,671 shares of the company’s stock, valued at approximately $907,000.

Several other hedge funds and other institutional investors have also modified their holdings of SOLS. Cary Street Partners Financial LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $597,000. Wellington Shields Capital Management LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $73,000. Wellington Shields & Co. LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $243,000. Themes Management Co LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $219,000. Finally, Harbour Investments Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $168,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $84.23 on Friday. The business’s 50 day moving average is $80.06 and its two-hundred day moving average is $66.49. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The firm has a market cap of $13.38 billion and a price-to-earnings ratio of 94.64. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. Analysts forecast that Solstice Advanced Mat will post 2.61 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. Stockholders of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Hold” and an average price target of $73.60.

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.