Wealthfront Advisers LLC Makes New Investment in Solstice Advanced Mat $SOLS

Wealthfront Advisers LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,419 shares of the company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $893,275,000. UBS Group AG acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $130,269,000. Teacher Retirement System of Texas acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $22,277,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $20,987,000. Finally, Private Wealth Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $14,827,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SOLS. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, January 7th. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Finally, Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.00.

Solstice Advanced Mat Stock Up 0.6%

Solstice Advanced Mat stock opened at $81.07 on Tuesday. The firm has a 50-day moving average price of $77.26. The company has a market capitalization of $12.87 billion and a PE ratio of 311.81. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company 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. As a group, sell-side analysts expect that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 115.38%.

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.