King Luther Capital Management Corp Invests $3.73 Million in Solstice Advanced Mat $SOLS

King Luther Capital Management Corp purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 76,684 shares of the company’s stock, valued at approximately $3,725,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $130,269,000. Thrivent Financial for Lutherans bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $53,548,000. Legal & General Group Plc acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $38,858,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $36,682,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on SOLS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. UBS Group boosted their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Stock Down 1.8%

SOLS opened at $84.57 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The stock’s fifty day simple moving average is $79.87 and its 200 day simple moving average is $66.37. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.43 billion and a PE ratio of 95.02.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business 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. As a group, research analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is 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%.

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.