Solstice Advanced Mat Sees Unusually High Options Volume (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw unusually large options trading on Tuesday. Stock investors acquired 10,203 put options on the stock. This represents an increase of approximately 289% compared to the average volume of 2,624 put options.

Solstice Advanced Mat Stock Performance

SOLS traded up $5.71 on Tuesday, hitting $88.25. 143,456 shares of the company traded hands, compared to its average volume of 2,576,313. The company has a 50 day moving average of $83.05 and a 200-day moving average of $72.29. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. 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 has a market capitalization of $14.01 billion and a PE ratio of 99.17.

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 the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Institutional Trading of Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $893,275,000. State Street Corp purchased a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $245,276,000. Morgan Stanley acquired a new position in Solstice Advanced Mat during the fourth quarter worth $195,151,000. Madison Avenue Partners LP acquired a new position in Solstice Advanced Mat during the fourth quarter worth $135,172,000. Finally, UBS Group AG purchased a new stake in Solstice Advanced Mat during the fourth quarter worth $130,269,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SOLS shares. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Truist Financial began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.62.

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.