Solstice Advanced Mat $SOLS Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Solstice Advanced Mat (NASDAQ:SOLS) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,132 shares of the company’s stock after selling 11,429 shares during the quarter. New York State Teachers Retirement System’s holdings in Solstice Advanced Mat were worth $11,967,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Folger Nolan Fleming Douglas Capital Management Inc. raised its position 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 purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter valued at $27,000. Westerkirk Capital Inc. purchased a new position in Solstice Advanced Mat during the fourth quarter worth $25,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in Solstice Advanced Mat during the fourth quarter worth $26,000.

Analyst Upgrades and Downgrades

SOLS has been the topic of several recent research reports. UBS Group upped their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. TD Cowen began coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Price Performance

SOLS stock opened at $80.19 on Monday. The stock has a market capitalization of $12.73 billion and a price-to-earnings ratio of 90.10. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock’s fifty day simple moving average is $83.21 and its 200-day simple moving average is $73.23.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating 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. Equities research analysts expect that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.

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.