Beacon Investment Advisory Services Inc. Takes Position in Solstice Advanced Mat $SOLS

Beacon Investment Advisory Services Inc. acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,454 shares of the company’s stock, valued at approximately $749,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in Solstice Advanced Mat during the second quarter valued at approximately $27,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat in the first quarter worth approximately $26,000. Compass Financial Management LLC acquired a new position in Solstice Advanced Mat in the second quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at $27,000. Finally, Philadelphia Investment Partners LLC bought a new position in shares of Solstice Advanced Mat in the second quarter valued at $34,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada decreased their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Trading Down 2.0%

NASDAQ SOLS opened at $63.26 on Thursday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market cap of $10.05 billion and a price-to-earnings ratio of 35.74. The firm’s 50 day moving average price is $61.41 and its two-hundred day moving average price is $73.60.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities analysts anticipate that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s payout ratio is currently 16.95%.

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.