Solstice Advanced Mat (NASDAQ:SOLS) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Solstice Advanced Mat (NASDAQ:SOLS) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

Other analysts also recently issued research reports about the stock. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Wednesday, July 22nd. Jefferies Financial Group started coverage on shares of Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a “buy” rating and a $86.00 price objective for the company. Finally, Wall Street Zen cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.11.

Solstice Advanced Mat Stock Down 1.6%

Shares of NASDAQ:SOLS opened at $56.01 on Monday. The business’s 50 day moving average is $59.78 and its 200 day moving average is $71.75. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The stock has a market cap of $8.90 billion and a price-to-earnings ratio of 31.64. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, sell-side analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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

Hedge Funds Weigh In On Solstice Advanced Mat

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in Solstice Advanced Mat during the second quarter worth about $618,000. Envestnet Asset Management Inc. purchased a new position in Solstice Advanced Mat in the second quarter valued at about $17,495,000. State Street Corp purchased a new position in Solstice Advanced Mat in the second quarter valued at about $448,557,000. Revere Asset Management Inc bought a new position in shares of Solstice Advanced Mat during the 2nd quarter valued at approximately $328,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Solstice Advanced Mat during the 2nd quarter valued at approximately $24,292,000.

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.