Kentucky Retirement Systems Takes Position in Solstice Advanced Mat $SOLS

Kentucky Retirement Systems purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,981 shares of the company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $893,275,000. UBS Group AG bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $130,269,000. Norges Bank bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $128,368,000. Geode Capital Management LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $110,395,000. Finally, Thrivent Financial for Lutherans bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $53,548,000.

Solstice Advanced Mat Price Performance

NASDAQ:SOLS opened at $84.23 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $80.06 and its two-hundred day moving average price is $66.63. The firm has a market capitalization of $13.38 billion and a price-to-earnings ratio of 94.64. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data 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 business 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. On average, 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 disclosed 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research lowered 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 upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.60.

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.