Creek Drive Management Group LLC Invests $301,000 in Solstice Advanced Mat $SOLS

Creek Drive Management Group LLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,200 shares of the company’s stock, valued at approximately $301,000.

Other large investors have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at about $2,259,000. Parsons Capital Management Inc. RI purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $625,000. JFS Wealth Advisors LLC bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $121,000. Pathway Financial Advisors LLC bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $89,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $85.57 on Friday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock’s 50 day moving average price is $82.57 and its 200-day moving average price is $70.53. The company has a market capitalization of $13.59 billion and a PE ratio of 96.15. 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 (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 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 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 analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

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

Analyst Ratings Changes

SOLS has been the subject of several recent research reports. BMO Capital Markets upped their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Vertical Research cut 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. UBS Group lifted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Finally, Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and an average target price of $87.38.

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.