Berkshire Asset Management LLC PA Purchases New Holdings in Solstice Advanced Mat $SOLS

Berkshire Asset Management LLC PA purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,166 shares of the company’s stock, valued at approximately $2,534,000.

A number of other hedge funds have also recently added to or reduced their stakes in SOLS. Vanguard Group Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $893,275,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $245,276,000. Morgan Stanley bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth $195,151,000. UBS Group AG bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth $130,269,000. Finally, Norges Bank acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $128,368,000.

Analysts Set New Price Targets

SOLS has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock opened at $83.56 on Wednesday. The stock has a market cap of $13.27 billion and a PE ratio of 93.89. 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 12-month low of $40.43 and a 12-month high of $90.80. The business’s 50-day moving average price is $82.22 and its two-hundred day moving average price is $69.88.

Solstice Advanced Mat (NASDAQ:SOLS) last posted 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 company had revenue of $991.00 million during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

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.