Solstice Advanced Mat (NASDAQ:SOLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other research analysts also recently weighed in on SOLS. Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $62.55 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The business has a 50-day moving average price of $69.62 and a 200 day moving average price of $74.81. The firm has a market cap of $9.94 billion and a PE ratio of 35.34.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The company had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Sell-side analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is currently 16.95%.

Institutional Investors Weigh In On Solstice Advanced Mat

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in Solstice Advanced Mat by 3.3% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after acquiring an additional 146 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Solstice Advanced Mat during the 2nd quarter valued at about $27,000. Global Trust Asset Management LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter valued at about $26,000. Compass Financial Management LLC acquired a new stake in Solstice Advanced Mat in the 2nd quarter valued at about $28,000. Finally, Princeton Global Asset Management LLC purchased a new position in Solstice Advanced Mat in the 1st quarter worth approximately $27,000.

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.