HighTower Advisors LLC Purchases New Shares in Solstice Advanced Mat $SOLS

HighTower Advisors LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 76,770 shares of the company’s stock, valued at approximately $3,730,000.

A number of other hedge funds have also recently modified their holdings of SOLS. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $29,000. Finally, Horizon Investments LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $31,000.

Solstice Advanced Mat Trading Down 0.4%

NASDAQ:SOLS opened at $84.23 on Friday. The company’s 50 day moving average price is $80.06 and its 200-day moving average price is $66.49. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.38 billion and a price-to-earnings ratio of 94.64.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm 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, equities research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

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