Concentric Capital Strategies LP Takes Position in Solstice Advanced Mat $SOLS

Concentric Capital Strategies LP acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel reports. The fund acquired 116,950 shares of the company’s stock, valued at approximately $5,681,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $26,000. Heritage Wealth Advisors acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $26,000. Hoey Investments Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $27,000.

Solstice Advanced Mat Trading Up 1.9%

Shares of SOLS stock opened at $85.14 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The stock has a fifty day moving average of $82.36 and a two-hundred day moving average of $70.15. The firm has a market capitalization of $13.52 billion and a PE ratio of 95.66.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, research analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Analyst Ratings Changes

SOLS has been the subject of a number of analyst reports. TD Cowen initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. BMO Capital Markets boosted their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Truist Financial assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $87.38.

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.