Commonwealth Equity Services LLC Takes $3.34 Million Position in Solstice Advanced Mat $SOLS

Commonwealth Equity Services LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,768 shares of the company’s stock, valued at approximately $3,341,000.

Several other hedge funds have also recently made changes to their positions in SOLS. Westerkirk Capital Inc. purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. Hoey Investments Inc. purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $27,000. Finally, JNBA Financial Advisors purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $29,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SOLS shares. Royal Bank Of Canada lifted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Truist Financial started coverage on Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 price target on the stock. BMO Capital Markets lifted their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Trading Down 0.2%

NASDAQ SOLS opened at $80.28 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a market capitalization of $12.75 billion and a PE ratio of 90.20. The stock’s 50 day moving average is $81.56 and its 200 day moving average is $68.57.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for 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. Research 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. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 33.71%.

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.