Thrivent Financial for Lutherans Invests $53.55 Million in Solstice Advanced Mat $SOLS

Thrivent Financial for Lutherans bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,102,284 shares of the company’s stock, valued at approximately $53,548,000. Thrivent Financial for Lutherans owned 0.69% of Solstice Advanced Mat as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Pinnacle Associates Ltd. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $1,384,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $711,000. Allworth Financial LP acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $1,539,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $1,763,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $332,000.

Solstice Advanced Mat Stock Down 2.0%

Shares of SOLS opened at $85.11 on Friday. The company has a 50-day moving average of $78.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a market cap of $13.52 billion and a P/E ratio of 95.63. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company 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, research analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Wall Street Analyst Weigh In

SOLS has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. 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. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Finally, Vertical Research downgraded shares of 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.60.

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.