Spectrum Asset Management Inc. NB CA Raises Stake in Solstice Advanced Mat $SOLS

Spectrum Asset Management Inc. NB CA grew its position in Solstice Advanced Mat (NASDAQ:SOLS) by 219.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,993 shares of the company’s stock after purchasing an additional 10,295 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in Solstice Advanced Mat were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOLS. Wesbanco Bank Inc. bought a new position in Solstice Advanced Mat in the 4th quarter worth approximately $649,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $4,796,000. Nwam LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $1,253,000. Fifth Third Bancorp bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $4,424,000. Finally, Olstein Capital Management L.P. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $2,803,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on SOLS. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. UBS Group boosted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Vertical Research downgraded 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 report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $82.69 on Friday. 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 has a 1 year low of $40.43 and a 1 year high of $90.80. The stock’s 50 day simple moving average is $83.00 and its two-hundred day simple moving average is $71.87. The company has a market cap of $13.13 billion and a price-to-earnings ratio of 92.91.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

About Solstice Advanced Mat

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.