Element Capital Management LLC Invests $9.04 Million in Solstice Advanced Mat $SOLS

Element Capital Management LLC acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 186,032 shares of the company’s stock, valued at approximately $9,037,000. Solstice Advanced Mat accounts for approximately 4.3% of Element Capital Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds also recently made changes to their positions in the company. Westerkirk Capital Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. Heritage Wealth Advisors bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $27,000.

Solstice Advanced Mat Trading Up 1.9%

Shares of SOLS stock opened at $85.14 on Thursday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 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 stock’s 50 day simple moving average is $82.36 and its two-hundred day simple moving average is $70.15. The company has a market cap of $13.52 billion and a PE ratio of 95.66.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company 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. Research analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current 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 given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on SOLS. UBS Group increased their price target on 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 set a “hold” rating and a $90.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. BMO Capital Markets increased their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Solstice Advanced Mat has a consensus rating of “Hold” and an average price target of $87.38.

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.