Parsons Capital Management Inc. RI Invests $625,000 in Solstice Advanced Mat $SOLS

Parsons Capital Management Inc. RI purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,862 shares of the company’s stock, valued at approximately $625,000.

Separately, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $2,259,000.

Solstice Advanced Mat Stock Up 0.8%

Shares of SOLS opened at $75.03 on Friday. The firm has a market cap of $11.91 billion and a price-to-earnings ratio of 288.58. The business’s fifty day simple moving average is $71.61. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company had revenue of $987.00 million for the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 115.38%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SOLS shares. UBS Group reaffirmed a “buy” rating and issued a $87.00 price target on shares of Solstice Advanced Mat in a research note on Thursday, February 12th. Alembic Global Advisors started coverage on Solstice Advanced Mat in a research report on Monday, December 1st. They set an “overweight” rating and a $60.00 price objective for the company. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Mizuho set a $80.00 price target on Solstice Advanced Mat in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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.