Werlinich Asset Management LLC Makes New $831,000 Investment in Solstice Advanced Mat $SOLS

Werlinich Asset Management LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, Holdings Channel reports. The fund acquired 9,375 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Solstice Advanced Mat in the fourth quarter worth $676,000. M&T Bank Corp bought a new position in Solstice Advanced Mat during the fourth quarter valued at $1,928,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth $300,000. Oppenheimer & Co. Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth $779,000. Finally, Danske Bank A S bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $83,000.

Solstice Advanced Mat Stock Up 0.6%

NASDAQ SOLS opened at $61.37 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a market capitalization of $9.75 billion and a price-to-earnings ratio of 34.67. The company has a fifty day moving average of $63.04 and a two-hundred day moving average of $74.04.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is presently 16.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SOLS. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Wednesday, July 22nd. UBS Group lifted their price target on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group started coverage on Solstice Advanced Mat in a research report on Thursday. They set a “buy” rating and a $86.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.11.

Solstice Advanced Mat Company 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.