Pinnacle Associates Ltd. Purchases New Holdings in Solstice Advanced Mat $SOLS

Pinnacle Associates Ltd. acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,484 shares of the company’s stock, valued at approximately $1,384,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SOLS. DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Solstice Advanced Mat in the fourth quarter worth $27,000. JNBA Financial Advisors purchased a new position in Solstice Advanced Mat in the fourth quarter worth $29,000. Finally, Horizon Investments LLC purchased a new position in Solstice Advanced Mat in the fourth quarter worth $31,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $85.11 on Friday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The company’s fifty day moving average price is $78.31. The stock has a market cap of $13.52 billion and a PE ratio of 95.63.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm 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. As a group, equities analysts expect that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given 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 of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Analyst Ratings Changes

Several research firms have weighed in on SOLS. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.60.

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.