Dockside LLC Invests $1.44 Million in Solstice Advanced Mat $SOLS

Dockside LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 29,570 shares of the company’s stock, valued at approximately $1,437,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $2,259,000. Parsons Capital Management Inc. RI bought a new position in Solstice Advanced Mat during the 4th quarter worth $625,000. JFS Wealth Advisors LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth $121,000. Pathway Financial Advisors LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth $337,000. Finally, Tradewinds Capital Management LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth $89,000.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $83.06 on Friday. The stock has a fifty day moving average price of $81.87 and a 200-day moving average price of $69.17. The company has a market cap of $13.19 billion and a price-to-earnings ratio of 93.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its 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 company had revenue of $991.00 million for 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 analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SOLS. UBS Group increased their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. TD Cowen began coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, 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 research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Company 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.