Jefferies Financial Group Inc. Invests $2.09 Million in Solstice Advanced Mat $SOLS

Jefferies Financial Group Inc. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 43,000 shares of the company’s stock, valued at approximately $2,089,000.

Several other large investors also recently made changes to their positions in the stock. Associated Banc Corp bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $314,000. EverSource Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $34,000. Heritage Investors Management Corp bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $710,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $78,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $344,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $86.10 on Thursday. The business has a 50 day moving average price of $79.68 and a 200 day moving average price of $66.11. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market cap of $13.67 billion and a price-to-earnings ratio of 96.74. 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 announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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. Research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SOLS. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.60.

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.