15,260 Shares in Solstice Advanced Mat $SOLS Bought by HB Wealth Management LLC

HB Wealth Management LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,260 shares of the company’s stock, valued at approximately $1,162,000.

Other large investors have also recently modified their holdings of the company. Moran Wealth Management LLC bought a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at about $412,000. PFG Investments LLC bought a new position in Solstice Advanced Mat during the 1st quarter worth approximately $308,000. Private Advisor Group LLC grew its position in Solstice Advanced Mat by 19.8% during the 1st quarter. Private Advisor Group LLC now owns 34,727 shares of the company’s stock worth $2,645,000 after acquiring an additional 5,729 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Solstice Advanced Mat during the 1st quarter worth approximately $4,314,000. Finally, Leonteq Securities AG purchased a new position in Solstice Advanced Mat in the 1st quarter worth approximately $51,000.

Analysts Set New Price Targets

Several analysts have weighed in on SOLS shares. Mizuho boosted their price objective on Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. 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 report on Thursday, May 14th. UBS Group lifted their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Truist Financial initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Solstice Advanced Mat Trading Down 1.8%

Shares of SOLS opened at $61.01 on Thursday. The firm’s 50-day moving average price is $82.16 and its 200-day moving average price is $73.56. The firm has a market capitalization of $9.69 billion and a price-to-earnings ratio of 68.55. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released 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 company had revenue of $991.00 million during 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 anticipate that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company 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 was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Solstice Advanced Mat 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.