Analysts Set Solstice Advanced Mat (NASDAQ:SOLS) PT at $78.25

Solstice Advanced Mat (NASDAQ:SOLS) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $78.25.

A number of brokerages have issued reports on SOLS. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets dropped their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. UBS Group increased their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada cut their price objective on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st.

Solstice Advanced Mat Trading Up 1.5%

Shares of NASDAQ:SOLS opened at $56.37 on Thursday. The business’s 50-day moving average is $66.02 and its 200 day moving average is $74.44. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm has a market capitalization of $8.95 billion and a P/E ratio of 31.85.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, research analysts predict that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 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 (DPR) is presently 16.95%.

Institutional Trading of Solstice Advanced Mat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after acquiring an additional 146 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Solstice Advanced Mat in the 2nd quarter valued at about $27,000. Global Trust Asset Management LLC purchased a new position in shares of Solstice Advanced Mat in the 1st quarter valued at about $26,000. Hsbc Holdings PLC raised its holdings in Solstice Advanced Mat by 0.4% in the 2nd quarter. Hsbc Holdings PLC now owns 96,570 shares of the company’s stock worth $8,531,000 after purchasing an additional 342 shares during the period. Finally, Compass Financial Management LLC acquired a new position in Solstice Advanced Mat in the 2nd quarter worth about $28,000.

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.