Solstice Advanced Mat Sees Unusually Large Options Volume (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 15,912 put options on the company. This is an increase of approximately 484% compared to the typical volume of 2,724 put options.

Wall Street Analysts Forecast Growth

SOLS has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.60.

Hedge Funds Weigh In On Solstice Advanced Mat

Several large investors have recently made changes to their positions in the business. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat in the first quarter worth approximately $26,000. Heritage Wealth Advisors bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $26,000. Finally, Hoey Investments Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000.

Solstice Advanced Mat Price Performance

NASDAQ SOLS traded down $5.78 on Thursday, reaching $78.70. 479,958 shares of the stock traded hands, compared to its average volume of 2,771,467. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a market cap of $12.50 billion and a price-to-earnings ratio of 88.63. The firm’s fifty day simple moving average is $78.78 and its 200 day simple moving average is $64.79. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared 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 0.4%. Solstice Advanced Mat’s payout ratio is 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.