Pinpoint Asset Management Singapore Pte. Ltd. Purchases Shares of 12,800 Solstice Advanced Mat $SOLS

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,800 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at $126,000. Keystone Investors PTE Ltd. bought a new position in Solstice Advanced Mat in the 4th quarter worth $857,000. Wealthspire Advisors LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth $224,000. Macquarie Group Ltd. bought a new position in Solstice Advanced Mat in the 4th quarter worth $881,000. Finally, Summit Financial LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth $250,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $83.06 on Friday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company’s 50-day moving average is $81.87 and its 200 day moving average is $69.17. The company has a market capitalization of $13.19 billion and a price-to-earnings ratio of 93.33. 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 (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. Sell-side analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

Several brokerages have commented on SOLS. Royal Bank Of Canada upped their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. BMO Capital Markets upped their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a report on Friday, February 13th. Truist Financial began coverage on shares of Solstice Advanced Mat in a report on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus price target of $87.38.

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.