Castle Hook Partners LP Invests $57.83 Million in Solstice Advanced Mat $SOLS

Castle Hook Partners LP acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,190,374 shares of the company’s stock, valued at approximately $57,828,000.

Several other institutional investors have also modified their holdings of the stock. Westerkirk Capital Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000.

Wall Street Analyst Weigh In

SOLS has been the topic of a number of recent research reports. Vertical Research cut 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 report on Thursday, May 14th. Royal Bank Of Canada lifted their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $85.14 on Thursday. 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 stock has a market capitalization of $13.52 billion and a P/E ratio of 95.66. The company’s fifty day moving average is $82.36 and its two-hundred day moving average is $70.15. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. On average, sell-side analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

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.