Solstice Advanced Mat (NASDAQ:SOLS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other brokerages have also commented on SOLS. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Finally, UBS Group reiterated a “buy” rating and set a $87.00 price objective on shares of Solstice Advanced Mat in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat presently has an average rating of “Moderate Buy” and an average price target of $67.00.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ SOLS opened at $78.51 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The company has a market cap of $12.46 billion and a P/E ratio of 301.96. The company has a fifty day moving average of $62.74. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.44.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, February 24th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds have recently added to or reduced their stakes in SOLS. Groupama Asset Managment purchased a new stake in Solstice Advanced Mat in the 4th quarter worth about $2,459,000. MidFirst Bank bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $46,000. Chelsea Counsel Co. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $55,000. Virtu Financial LLC bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $250,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $332,000.

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.