IFP Advisors Inc Makes New $417,000 Investment in Solstice Advanced Mat $SOLS

IFP Advisors Inc acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel reports. The fund acquired 8,594 shares of the company’s stock, valued at approximately $417,000.

A number of other hedge funds have also recently added to or reduced their stakes in SOLS. Vanguard Group Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $893,275,000. UBS Group AG bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $130,269,000. Thrivent Financial for Lutherans bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $53,548,000. Principal Financial Group Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $36,682,000. Finally, Teacher Retirement System of Texas bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $22,277,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on SOLS shares. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday. Vertical Research lowered shares of 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. UBS Group raised their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Stock Up 3.5%

Solstice Advanced Mat stock opened at $84.64 on Wednesday. The company’s 50 day simple moving average is $79.42 and its 200 day simple moving average is $65.82. 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 $13.44 billion and a price-to-earnings ratio of 95.10. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for 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, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.

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.