Solstice Advanced Mat (NASDAQ:SOLS) Shares Gap Down – What’s Next?

Solstice Advanced Mat (NASDAQ:SOLS) gapped down before the market opened on Thursday . The stock had previously closed at $84.48, but opened at $80.94. Solstice Advanced Mat shares last traded at $80.0420, with a volume of 251,277 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SOLS shares. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Stock Down 5.0%

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 market capitalization of $12.75 billion and a P/E ratio of 90.32. The firm has a 50 day moving average of $78.78 and a 200-day moving average of $64.79.

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 the consensus estimate of $0.60 by $0.03. The firm 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. On average, equities research analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Institutional Trading of Solstice Advanced Mat

A number of large investors have recently bought and sold shares of SOLS. Associated Banc Corp lifted its holdings in shares of Solstice Advanced Mat by 10.1% during 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 period. Carnegie Investment Counsel bought a new stake in shares of Solstice Advanced Mat in the 1st quarter worth about $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings 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 worth $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 1st quarter worth about $685,000. Finally, Fifth Third Bancorp increased its position in shares of Solstice Advanced Mat by 38.5% during the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after purchasing an additional 35,102 shares in the last quarter.

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.