Griffin Asset Management Inc. Acquires New Shares in Solstice Advanced Mat $SOLS

Griffin Asset Management Inc. acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,630 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $2,259,000. Parsons Capital Management Inc. RI bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $625,000. JFS Wealth Advisors LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $121,000. Pathway Financial Advisors LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $89,000.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $79.38 on Friday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The stock’s fifty day moving average is $78.87 and its 200 day moving average is $65.03. The stock has a market cap of $12.61 billion and a P/E ratio of 89.19. 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 issued 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 business had revenue of $991.00 million during the quarter, compared to analysts’ expectations 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 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. UBS Group upped their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.60.

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.