Louisiana State Employees Retirement System Makes New $3.50 Million Investment in Solstice Advanced Mat $SOLS

Louisiana State Employees Retirement System bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 46,000 shares of the company’s stock, valued at approximately $3,503,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westerkirk Capital Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter valued at about $25,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $27,000.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $82.69 on Friday. 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 capitalization of $13.13 billion and a price-to-earnings ratio of 92.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock’s 50-day simple moving average is $83.00 and its 200-day simple moving average is $71.87.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during 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, equities analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analysts Forecast Growth

SOLS has been the topic of several recent research reports. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Truist Financial assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. TD Cowen started coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.38.

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.