Solstice Advanced Mat (NASDAQ:SOLS) Sets New 52-Week High – Here’s Why

Solstice Advanced Mat (NASDAQ:SOLS) shares reached a new 52-week high on Monday . The stock traded as high as $85.63 and last traded at $86.1650, with a volume of 1802198 shares traded. The stock had previously closed at $78.25.

Analyst Ratings Changes

Several research firms recently weighed in on SOLS. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.20.

Solstice Advanced Mat Trading Up 1.4%

The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market cap of $14.06 billion and a PE ratio of 340.65. The stock has a 50-day moving average price of $77.85.

Solstice Advanced Mat (NASDAQ:SOLS) last posted 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. On average, analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 annualized dividend and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio is 115.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at approximately $26,000. Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at approximately $27,000. Westfuller Advisors LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at approximately $36,000. Darwin Wealth Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at approximately $37,000. Finally, Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $25,000.

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.