Valley Wealth Managers Inc. Takes Position in Solstice Advanced Mat $SOLS

Valley Wealth Managers Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel.com reports. The firm bought 20,530 shares of the company’s stock, valued at approximately $997,000.

A number of other hedge funds have also modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $625,000. JFS Wealth Advisors LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $121,000. Pathway Financial Advisors LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $337,000. Finally, Tradewinds Capital Management LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth about $89,000.

Analyst Ratings Changes

SOLS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Finally, UBS Group raised their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $67.20.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $87.32 on Wednesday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $87.41. The firm has a market capitalization of $13.87 billion and a PE ratio of 335.85. The company’s 50-day moving average is $77.66. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, sell-side analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business 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 dividend of $0.075 per share. 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 dividend payout ratio (DPR) is currently 115.38%.

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.