Nomura Asset Management Co. Ltd. Invests $2.28 Million in Solstice Advanced Mat $SOLS

Nomura Asset Management Co. Ltd. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, Holdings Channel reports. The fund purchased 46,843 shares of the company’s stock, valued at approximately $2,276,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $893,275,000. UBS Group AG bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $130,269,000. Norges Bank bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $128,368,000. Geode Capital Management LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $110,395,000. Finally, Thrivent Financial for Lutherans bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $53,548,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research report on Thursday, May 14th. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.60.

Solstice Advanced Mat Stock Down 2.9%

SOLS stock opened at $84.13 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The firm has a market cap of $13.36 billion and a PE ratio of 94.53. The firm has a 50 day simple moving average of $81.24 and a 200 day simple moving average of $67.75. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 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.