Kimelman & Baird LLC Acquires New Shares in Solstice Advanced Mat $SOLS

Kimelman & Baird LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 28,495 shares of the company’s stock, valued at approximately $1,384,000.

Other institutional investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $26,000. Hoey Investments Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $29,000. Finally, Horizon Investments LLC purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $31,000.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ:SOLS opened at $82.07 on Tuesday. The stock has a market capitalization of $13.03 billion and a PE ratio of 92.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a 50-day moving average price of $78.41. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week 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, beating the consensus estimate of $0.60 by $0.03. The company 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. As a group, equities analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on SOLS shares. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.60.

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.