Coastal Bridge Advisors LLC Invests $3.54 Million in Solstice Advanced Mat $SOLS

Coastal Bridge Advisors LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 39,973 shares of the company’s stock, valued at approximately $3,542,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC purchased a new stake in Solstice Advanced Mat during the 4th quarter worth about $557,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $1,815,000. Arizona State Retirement System acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $2,175,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $479,000. Finally, Vanguard Group Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $893,275,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SOLS. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Zacks Research raised shares of Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. UBS Group lifted their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Royal Bank Of Canada dropped their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.25.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $56.34 on Friday. The company’s 50 day simple moving average is $65.43 and its 200-day simple moving average is $74.38. The firm has a market cap of $8.95 billion and a PE ratio of 31.83. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that Solstice Advanced Mat will post 2.87 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 16.95%.

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.