IFP Advisors Inc Buys New Shares in Solstice Advanced Mat $SOLS

IFP Advisors Inc bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,594 shares of the company’s stock, valued at approximately $417,000.

Several other large investors have also recently bought and sold shares of the stock. Quantum Private Wealth LLC acquired a new position in Solstice Advanced Mat during the 4th quarter valued at $804,000. Cullen Frost Bankers Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at $35,000. PNC Financial Services Group Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at $8,163,000. Larson Financial Group LLC acquired a new position in Solstice Advanced Mat during the 4th quarter valued at $53,000. Finally, HighTower Advisors LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $3,730,000.

Solstice Advanced Mat Stock Up 3.5%

SOLS opened at $84.64 on Wednesday. The firm’s 50-day simple moving average is $79.42 and its 200-day simple moving average is $65.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a market cap of $13.44 billion and a price-to-earnings ratio of 95.10.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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. Equities research analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. 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. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Finally, Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus target price of $73.60.

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.