Hamel Associates Inc. Makes New Investment in Solstice Advanced Mat $SOLS

Hamel Associates Inc. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,140 shares of the company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $121,000. Pathway Financial Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $89,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SOLS shares. Truist Financial started coverage on shares of Solstice Advanced Mat in a report on Monday. They issued a “hold” rating and a $90.00 target price on the stock. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. UBS Group upped 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. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Stock Down 3.2%

Solstice Advanced Mat stock opened at $77.69 on Thursday. The stock has a market cap of $12.34 billion and a P/E ratio of 87.29. 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 has a twelve month low of $40.43 and a twelve month high of $90.80. The company’s 50-day moving average price is $81.66 and its two-hundred day moving average price is $68.81.

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, beating the consensus estimate of $0.60 by $0.03. The company 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. As a group, analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

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.