Congruence Capital LLC Invests $13.58 Million in Solstice Advanced Mat $SOLS

Congruence Capital LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 279,490 shares of the company’s stock, valued at approximately $13,578,000. Solstice Advanced Mat comprises approximately 5.0% of Congruence Capital LLC’s holdings, making the stock its 8th biggest position. Congruence Capital LLC owned 0.18% of Solstice Advanced Mat at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SOLS. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $1,727,000. Dockside LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $1,437,000. Evelyn Partners Investment Management LLP acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $175,000. Arax Advisory Partners bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $78,000. Finally, Brown Advisory Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $863,000.

Wall Street Analysts Forecast Growth

SOLS has been the subject of several research reports. UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. TD Cowen initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $83.06 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The firm’s 50-day simple moving average is $81.87 and its 200 day simple moving average is $69.17. The stock has a market cap of $13.19 billion and a price-to-earnings ratio of 93.33. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during 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, research analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) 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.