Pittenger & Anderson Inc. Acquires New Holdings in Solstice Advanced Mat $SOLS

Pittenger & Anderson Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 30,417 shares of the company’s stock, valued at approximately $1,478,000.

Several other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at about $1,078,000. Strs Ohio acquired a new position in Solstice Advanced Mat in the 4th quarter valued at about $4,082,000. SevenBridge Financial Group LLC acquired a new position in Solstice Advanced Mat in the 4th quarter valued at about $167,000. Composition Wealth LLC acquired a new position in Solstice Advanced Mat in the 4th quarter valued at about $211,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Solstice Advanced Mat in the 4th quarter valued at about $9,080,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on SOLS shares. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. UBS Group downgraded Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Monday, April 13th. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Wednesday, January 7th. Three investment 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 a consensus rating of “Hold” and a consensus target price of $67.00.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $80.40 on Monday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $84.44. The firm has a market capitalization of $12.77 billion and a P/E ratio of 309.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The stock’s 50-day moving average is $77.26.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $987.00 million during the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, sell-side analysts predict that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 115.38%.

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.