Peapack Gladstone Financial Corp Purchases Shares of 17,588 Solstice Advanced Mat $SOLS

Peapack Gladstone Financial Corp purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,588 shares of the company’s stock, valued at approximately $854,000.

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

Analysts Set New Price Targets

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

Solstice Advanced Mat Stock Down 0.9%

Solstice Advanced Mat stock opened at $86.60 on Thursday. The stock has a market capitalization of $13.75 billion and a PE ratio of 97.30. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The business has a 50 day simple moving average of $81.00 and a 200-day simple moving average of $67.47. 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 posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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

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.