Madison Avenue Partners LP Buys Shares of 2,782,460 Solstice Advanced Mat $SOLS

Madison Avenue Partners LP bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,782,460 shares of the company’s stock, valued at approximately $135,172,000. Solstice Advanced Mat makes up 5.8% of Madison Avenue Partners LP’s investment portfolio, making the stock its 8th biggest holding. Madison Avenue Partners LP owned 1.75% of Solstice Advanced Mat as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SOLS. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $893,275,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $245,276,000. Morgan Stanley acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $195,151,000. UBS Group AG acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $130,269,000. Finally, Norges Bank acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $128,368,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. UBS Group raised their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Trading Up 1.9%

NASDAQ SOLS opened at $85.14 on Thursday. The company has a market cap of $13.52 billion and a price-to-earnings ratio of 95.66. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The business’s fifty day moving average is $82.36 and its 200 day moving average is $70.15. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate 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 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

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.