Investors Buy High Volume of Solstice Advanced Mat Call Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the target of unusually large options trading on Wednesday. Stock traders acquired 4,106 call options on the stock. This is an increase of 20% compared to the average daily volume of 3,428 call options.

Wall Street Analyst Weigh In

SOLS has been the topic of several recent research reports. Truist Financial started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. UBS Group boosted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, BMO Capital Markets lifted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company 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 given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Hedge Funds Weigh In On Solstice Advanced Mat

Hedge funds have recently made changes to their positions in the stock. Associated Banc Corp boosted its holdings in Solstice Advanced Mat by 10.1% in the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock valued at $542,000 after acquiring an additional 654 shares during the last quarter. Carnegie Investment Counsel bought a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Solstice Advanced Mat by 6.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock valued at $3,182,000 after purchasing an additional 2,480 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Solstice Advanced Mat during the first quarter worth $685,000. Finally, Fifth Third Bancorp raised its stake in Solstice Advanced Mat by 38.5% during the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares during the last quarter.

Solstice Advanced Mat Trading Down 2.9%

Shares of Solstice Advanced Mat stock traded down $1.83 on Wednesday, hitting $60.27. The stock had a trading volume of 2,764,695 shares, compared to its average volume of 2,753,330. The stock has a 50 day moving average of $82.56 and a 200 day moving average of $73.47. The firm has a market capitalization of $9.57 billion and a P/E ratio of 67.70. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. 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 (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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 the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts expect that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s 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.