King Luther Capital Management Corp Purchases New Shares in Solstice Advanced Mat $SOLS

King Luther Capital Management Corp purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 76,684 shares of the company’s stock, valued at approximately $3,725,000.

Other institutional investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $29,000. Finally, Motco acquired a new stake in Solstice Advanced Mat in the 4th quarter worth about $30,000.

Solstice Advanced Mat Trading Down 1.8%

Shares of Solstice Advanced Mat stock opened at $84.57 on Friday. The company has a market capitalization of $13.43 billion and a price-to-earnings ratio of 95.02. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The firm’s 50-day moving average price is $79.87 and its two-hundred day moving average price is $66.37.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results 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 business 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. On average, analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Finally, UBS Group raised 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. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus target price of $73.60.

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.