Solstice Advanced Mat (NASDAQ:SOLS) Sees Strong Trading Volume – What’s Next?

Shares of Solstice Advanced Mat (NASDAQ:SOLS) saw an uptick in trading volume on Tuesday . 3,196,425 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 2,645,197 shares.The stock last traded at $61.7470 and had previously closed at $68.05.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SOLS. BMO Capital Markets boosted their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen started coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Finally, Truist Financial assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.50.

Solstice Advanced Mat Trading Down 9.2%

The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $9.81 billion and a P/E ratio of 69.41. The firm’s 50-day simple moving average is $82.95 and its 200-day simple moving average is $73.38.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during 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. Analysts anticipate that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of large investors have recently made changes to their positions in the business. Associated Banc Corp boosted its stake in Solstice Advanced Mat by 10.1% during the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after acquiring an additional 654 shares in the last quarter. Carnegie Investment Counsel purchased a new position in shares of Solstice Advanced Mat during the 1st quarter worth $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Solstice Advanced Mat by 6.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock valued at $3,182,000 after acquiring an additional 2,480 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in shares of Solstice Advanced Mat in the first quarter worth $685,000. Finally, Fifth Third Bancorp lifted its position in shares of Solstice Advanced Mat by 38.5% in the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after acquiring an additional 35,102 shares in the last quarter.

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.