K.J. Harrison & Partners Inc Makes New Investment in Solstice Advanced Mat $SOLS

K.J. Harrison & Partners Inc bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,004 shares of the company’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mount Vernon Associates Inc. MD purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter worth about $208,000. Praxis Investment Management Inc. purchased a new stake in shares of Solstice Advanced Mat during the first quarter worth approximately $371,000. V Square Quantitative Management LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter worth about $56,000. QRG Capital Management Inc. acquired a new position in shares of Solstice Advanced Mat during the 1st quarter worth approximately $242,000. Finally, TCI Wealth Advisors Inc. purchased a new stake in Solstice Advanced Mat in the 1st quarter valued at $292,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets increased 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 report on Friday, June 5th. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Mizuho boosted their price target on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group increased their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.50.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $80.19 on Friday. The firm has a market capitalization of $12.73 billion and a PE ratio of 90.10. 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 1 year low of $40.43 and a 1 year high of $90.80. The stock has a fifty day moving average of $83.21 and a two-hundred day moving average of $73.06.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data 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 business had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, research analysts expect that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 33.71%.

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.