12,864 Shares in Solstice Advanced Mat $SOLS Bought by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the second quarter, Holdings Channel.com reports. The firm bought 12,864 shares of the company’s stock, valued at approximately $1,140,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $245,276,000. Morgan Stanley acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $195,151,000. Madison Avenue Partners LP bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $135,172,000. Norges Bank acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $128,368,000. Finally, Geode Capital Management LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth approximately $110,395,000.

Analyst Ratings Changes

Several analysts recently commented on SOLS shares. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lowered their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Mizuho cut their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $79.11.

Solstice Advanced Mat Trading Up 3.8%

Solstice Advanced Mat stock opened at $63.73 on Friday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market capitalization of $10.12 billion and a PE ratio of 36.01. The firm has a 50 day simple moving average of $62.66 and a 200-day simple moving average of $73.97.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities research analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is currently 16.95%.

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.