Traders Buy High Volume of Solstice Advanced Mat Put Options (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 30,126 put options on the company. This is an increase of 576% compared to the average daily volume of 4,454 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SOLS shares. Weiss Ratings raised shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a research report on Thursday, September 3rd. They issued a “buy” rating and a $86.00 target price for the company. 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 report on Thursday, July 16th. UBS Group increased their price target on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Moderate Buy” and an average target price of $78.56.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SOLS. Westerkirk Capital Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $25,000. Global Trust Asset Management LLC purchased a new position in Solstice Advanced Mat during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat in the 1st quarter worth about $27,000. Manning & Napier Advisors LLC bought a new position in Solstice Advanced Mat in the 2nd quarter worth about $27,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at about $28,000.

Solstice Advanced Mat Price Performance

SOLS stock traded down $0.05 during mid-day trading on Thursday, reaching $56.27. 646,463 shares of the company traded hands, compared to its average volume of 2,850,607. The company has a fifty day moving average price of $59.69 and a 200-day moving average price of $71.64. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a market capitalization of $8.94 billion and a P/E ratio of 31.81. 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 (NASDAQ:SOLS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.0750 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is currently 16.95%.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.