Harbor Investment Advisory LLC Invests $544,000 in Solstice Advanced Mat $SOLS

Harbor Investment Advisory LLC purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, HoldingsChannel reports. The firm purchased 7,141 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors also recently bought and sold shares of the company. Westerkirk Capital Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter worth about $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $26,000. Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $80.19 on Friday. The company’s 50 day moving average is $83.23 and its 200 day moving average is $73.01. 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 company has a market cap of $12.73 billion and a price-to-earnings ratio of 90.10. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts predict that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SOLS. 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. Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Mizuho increased their price objective on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus target price of $89.50.

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.