Kestra Private Wealth Services LLC Purchases New Shares in Solstice Advanced Mat $SOLS

Kestra Private Wealth Services LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,647 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $26,000. Hoey Investments Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $27,000. JNBA Financial Advisors acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $29,000. Financial Perspectives Inc acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $35,000. Finally, Peoples Financial Services CORP. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $37,000.

Solstice Advanced Mat Trading Up 3.1%

NASDAQ:SOLS opened at $83.56 on Wednesday. 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 company has a 50 day moving average of $77.33. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.99. The firm has a market capitalization of $13.27 billion and a price-to-earnings ratio of 321.38.

Solstice Advanced Mat (NASDAQ:SOLS) last released its 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 business 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. Research analysts forecast that Solstice Advanced Mat will post 2.66 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. 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 payout ratio is presently 115.38%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SOLS shares. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, January 7th. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.00.

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.