Solstice Advanced Mat (NASDAQ:SOLS) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) to a strong-buy rating in a research note released on Thursday morning, Marketbeat Ratings reports.

Several other research firms also recently commented on SOLS. Zacks Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. BMO Capital Markets decreased 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 research report on Thursday, July 16th. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $61.37 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The stock has a market cap of $9.75 billion and a PE ratio of 34.67. 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 $63.04 and a two-hundred day simple moving average of $74.04.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate 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. Analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Institutional Trading of Solstice Advanced Mat

Hedge funds have recently modified their holdings of the stock. Westerkirk Capital Inc. bought a new position in Solstice Advanced Mat during the fourth quarter worth $25,000. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the first quarter valued at about $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $26,000. Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat during the 1st quarter worth about $27,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth about $27,000.

About Solstice Advanced Mat

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.