Oregon Public Employees Retirement Fund Purchases New Shares in Solstice Advanced Mat $SOLS

Oregon Public Employees Retirement Fund purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,300 shares of the company’s stock, valued at approximately $1,763,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOLS. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat during the 4th quarter worth $29,000. Finally, Horizon Investments LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $31,000.

Solstice Advanced Mat Stock Down 2.0%

NASDAQ:SOLS opened at $85.11 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a market cap of $13.52 billion and a PE ratio of 95.63. The stock’s fifty day moving average is $78.31.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping 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. Equities analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Vertical Research downgraded shares of 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. UBS Group upped 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, May 8th. 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. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Finally, Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat presently has an average rating of “Hold” and an average price target of $73.60.

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.