World Investment Advisors Invests $335,000 in Solstice Advanced Mat $SOLS

World Investment Advisors purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,380 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter worth about $2,259,000. Parsons Capital Management Inc. RI bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC purchased a new position in Solstice Advanced Mat during the 4th quarter valued at $121,000. Pathway Financial Advisors LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $89,000.

Solstice Advanced Mat Trading Up 0.3%

Shares of NASDAQ SOLS opened at $86.91 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a market capitalization of $13.80 billion and a P/E ratio of 97.65. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The business has a fifty day moving average price of $82.93 and a 200 day moving average price of $71.79.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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. Equities research analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given 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 0.3%. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their price target 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. Finally, TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.