Solstice Advanced Mat (NASDAQ:SOLS) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. UBS Group upped their price target on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. BMO Capital Markets decreased their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Mizuho lowered their price target on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Finally, Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.25.

Solstice Advanced Mat Trading Down 0.2%

NASDAQ SOLS opened at $63.39 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market capitalization of $10.07 billion and a P/E ratio of 35.81. The firm’s 50-day moving average is $64.52 and its two-hundred day moving average is $74.37. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $1.15 billion during 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, sell-side analysts anticipate that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

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

Institutional Investors Weigh In On Solstice Advanced Mat

Several large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new stake in Solstice Advanced Mat during the 2nd quarter worth approximately $6,793,000. Amundi acquired a new position in shares of Solstice Advanced Mat in the second quarter worth $43,053,000. Wellington Grp LLC purchased a new stake in shares of Solstice Advanced Mat during the second quarter worth $110,000. HighTower Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the second quarter worth $4,552,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at $992,000.

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.