Nwam LLC Makes New Investment in Solstice Advanced Mat $SOLS

Nwam LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,821 shares of the company’s stock, valued at approximately $1,490,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SOLS. Manning & Napier Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth $27,000. Global Trust Asset Management LLC purchased a new position in shares of Solstice Advanced Mat during the first quarter valued at $26,000. Compass Financial Management LLC bought a new stake in shares of Solstice Advanced Mat in the second quarter valued at about $28,000. Princeton Global Asset Management LLC bought a new stake in shares of Solstice Advanced Mat in the first quarter valued at about $27,000. Finally, Philadelphia Investment Partners LLC purchased a new stake in Solstice Advanced Mat in the second quarter worth about $34,000.

Solstice Advanced Mat Trading Down 2.6%

SOLS opened at $61.73 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The firm has a market cap of $9.81 billion and a price-to-earnings ratio of 34.88. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The stock has a fifty day moving average price of $64.06 and a 200-day moving average price of $74.28.

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

Solstice Advanced Mat Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SOLS. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets reduced their price target on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 16th. Royal Bank Of Canada lowered their price target on shares of 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. TD Cowen began coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Mizuho dropped their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.25.

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.