Needham Investment Management LLC Acquires New Shares in Solstice Advanced Mat $SOLS

Needham Investment Management LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 175,000 shares of the company’s stock, valued at approximately $8,502,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $893,275,000. State Street Corp acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $245,276,000. Morgan Stanley acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $195,151,000. UBS Group AG acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $130,269,000. Finally, Norges Bank acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $128,368,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, BMO Capital Markets upped their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $86.66 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $13.76 billion and a price-to-earnings ratio of 97.37. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The firm’s 50-day moving average price is $82.08 and its two-hundred day moving average price is $69.62.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Solstice Advanced Mat Company 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.