Ferguson Wellman Capital Management Inc. Reduces Holdings in Solstice Advanced Mat $SOLS

Ferguson Wellman Capital Management Inc. trimmed its position in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 94.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,735 shares of the company’s stock after selling 43,763 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Solstice Advanced Mat were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI purchased a new position in Solstice Advanced Mat in the 1st quarter valued at $685,000. Fifth Third Bancorp grew its holdings in shares of Solstice Advanced Mat by 38.5% during the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter worth $37,000. Sequoia Financial Advisors LLC raised its position in shares of Solstice Advanced Mat by 3.8% in the first quarter. Sequoia Financial Advisors LLC now owns 13,556 shares of the company’s stock valued at $1,032,000 after buying an additional 498 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in shares of Solstice Advanced Mat in the first quarter valued at about $49,000.

Solstice Advanced Mat Stock Down 0.4%

Shares of SOLS opened at $61.06 on Tuesday. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $81.09 and a two-hundred day simple moving average of $73.81. The company has a market capitalization of $9.70 billion and a PE ratio of 68.61.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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 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 2.65 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s payout ratio is 33.71%.

Wall Street Analyst Weigh In

SOLS has been the topic of several research reports. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada increased their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, BMO Capital Markets boosted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.38.

Solstice Advanced Mat 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.