Concentric Capital Strategies LP Buys New Position in Solstice Advanced Mat $SOLS

Concentric Capital Strategies LP bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 116,950 shares of the company’s stock, valued at approximately $5,681,000. Concentric Capital Strategies LP owned 0.07% of Solstice Advanced Mat as of its most recent filing with the SEC.

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

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $85.14 on Thursday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. 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 company has a market capitalization of $13.52 billion and a price-to-earnings ratio of 95.66. The business has a 50 day simple moving average of $82.36 and a 200-day simple moving average of $70.15.

Solstice Advanced Mat (NASDAQ:SOLS) last issued 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 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. As a group, equities research analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. BMO Capital Markets lifted their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.