Solstice Advanced Mat (NASDAQ:SOLS) Trading Up 7.8% – Should You Buy?

Solstice Advanced Mat (NASDAQ:SOLS) traded up 7.8% during trading on Tuesday . The company traded as high as $88.44 and last traded at $88.9880. 226,159 shares traded hands during trading, a decline of 91% from the average daily volume of 2,576,584 shares. The stock had previously closed at $82.54.

Analysts Set New Price Targets

SOLS has been the topic of a number of research reports. Truist Financial started coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, TD Cowen started coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.62.

Solstice Advanced Mat Price Performance

The company has a market capitalization of $14.00 billion and a P/E ratio of 99.54. The firm’s fifty day moving average is $83.05 and its 200 day moving average is $72.29. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Institutional Trading of Solstice Advanced Mat

A number of large investors have recently made changes to their positions in SOLS. Associated Banc Corp grew its holdings in shares of Solstice Advanced Mat by 10.1% in the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after purchasing an additional 654 shares during the last quarter. Carnegie Investment Counsel bought a new stake in Solstice Advanced Mat during the 1st quarter valued at about $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Solstice Advanced Mat by 6.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock valued at $3,182,000 after buying an additional 2,480 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Solstice Advanced Mat in the 1st quarter valued at about $685,000. Finally, Fifth Third Bancorp boosted its position in Solstice Advanced Mat by 38.5% in the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after buying an additional 35,102 shares during the period.

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.