CENTRAL TRUST Co Makes New Investment in Solstice Advanced Mat $SOLS

CENTRAL TRUST Co bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 21,359 shares of the company’s stock, valued at approximately $1,038,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $893,275,000. UBS Group AG bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $130,269,000. Teacher Retirement System of Texas bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $22,277,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $20,987,000. Finally, Private Wealth Partners LLC bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $14,827,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $81.07 on Tuesday. The company’s 50-day simple moving average is $77.26. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $84.44. The firm has a market cap of $12.87 billion and a price-to-earnings ratio of 311.81. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50.

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

Solstice Advanced Mat Announces Dividend

The business also recently disclosed 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 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 dividend payout ratio (DPR) is presently 115.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SOLS. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group cut Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus target price of $67.00.

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.