Solstice Advanced Mat (NASDAQ:SOLS) Sees Large Volume Increase – Should You Buy?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) saw unusually-strong trading volume on Tuesday . 3,196,425 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 2,645,197 shares.The stock last traded at $61.7470 and had previously closed at $68.05.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SOLS shares. UBS Group lifted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets increased their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Mizuho upped their target price on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $89.50.

Solstice Advanced Mat Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $9.81 billion and a PE ratio of 69.41. The business has a 50 day simple moving average of $82.95 and a 200 day simple moving average of $73.38.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company 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. Equities research analysts predict that Solstice Advanced Mat will post 2.64 EPS 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. Investors of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat

Institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in Solstice Advanced Mat during the first quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new position in Solstice Advanced Mat in the 1st quarter worth about $27,000. Westfuller Advisors LLC acquired a new stake in Solstice Advanced Mat in the first quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new position in shares of Solstice Advanced Mat during the 1st quarter valued at approximately $37,000. Finally, Westerkirk Capital Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $25,000.

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.