First American Bank Invests $673,000 in Solstice Advanced Mat $SOLS

First American Bank acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, Holdings Channel reports. The fund acquired 8,833 shares of the company’s stock, valued at approximately $673,000.

Several other hedge funds have also recently added to or reduced their stakes in SOLS. Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Heritage Wealth Advisors bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $27,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $86.91 on Friday. The stock’s 50 day simple moving average is $82.93 and its 200-day simple moving average is $71.79. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.80 billion and a PE ratio of 97.65. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate 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. Sell-side analysts forecast that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SOLS shares. Vertical Research lowered 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 research report on Thursday, May 14th. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. UBS Group raised their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Truist Financial began 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 objective for the company. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.38.

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.