Hel Ved Capital Management Ltd Takes Position in Solstice Advanced Mat $SOLS

Hel Ved Capital Management Ltd bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 244,360 shares of the company’s stock, valued at approximately $11,871,000. Solstice Advanced Mat makes up about 3.2% of Hel Ved Capital Management Ltd’s holdings, making the stock its 7th largest holding.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SOLS. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. TD Cowen began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Stock Up 2.3%

Solstice Advanced Mat stock opened at $83.06 on Friday. The business has a fifty day moving average of $81.87 and a two-hundred day moving average of $69.17. 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 firm has a market cap of $13.19 billion and a P/E ratio of 93.33. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

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 for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was 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%.

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.