Delta Asset Management LLC TN Buys Shares of 50,271 Solstice Advanced Mat $SOLS

Delta Asset Management LLC TN bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,271 shares of the company’s stock, valued at approximately $2,442,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $4,161,000. Accent Capital Management LLC acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $51,000. Catalyst Funds Management Pty Ltd acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $397,000. Coldstream Capital Management Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $355,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $2,089,000.

Wall Street Analysts Forecast Growth

SOLS has been the topic of a number of research analyst reports. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $81.76 on Friday. The firm has a market cap of $12.98 billion and a PE ratio of 91.87. The firm’s fifty day moving average is $79.00 and its 200-day moving average is $65.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80.

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 analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

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

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.