Castle Rock Wealth Management LLC Purchases 17,736 Shares of Solstice Advanced Mat $SOLS

Castle Rock Wealth Management LLC boosted its position in Solstice Advanced Mat (NASDAQ:SOLS) by 615.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,620 shares of the company’s stock after acquiring an additional 17,736 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Solstice Advanced Mat were worth $1,263,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SOLS. State Street Corp bought a new stake in Solstice Advanced Mat during the second quarter worth $448,557,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $135,172,000. Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth $153,615,000. Castle Hook Partners LP acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $57,828,000. Finally, Alkeon Capital Management LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $54,652,000.

Analyst Ratings Changes

Several analysts recently weighed in on SOLS shares. Morgan Stanley lowered Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. Mizuho dropped their target price on shares of Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. UBS Group reduced their price target on shares of Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group began coverage on shares of Solstice Advanced Mat in a report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat currently has an average rating of “Moderate Buy” and a consensus price target of $78.11.

Solstice Advanced Mat Trading Up 1.9%

NASDAQ SOLS traded up $1.12 during trading hours on Friday, reaching $61.35. The company’s stock had a trading volume of 1,686,212 shares, compared to its average volume of 2,830,942. The firm has a fifty day simple moving average of $59.74 and a 200-day simple moving average of $71.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The stock has a market cap of $9.75 billion and a P/E ratio of 34.66.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were paid a $0.0750 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s payout ratio is currently 16.95%.

Solstice Advanced Mat Profile

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.