Waverly Advisors LLC Buys Shares of 8,845 Solstice Advanced Mat $SOLS

by · The Markets Daily

Waverly Advisors LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 8,845 shares of the company’s stock, valued at approximately $784,000.

Several other hedge funds and other institutional investors have also modified their holdings of SOLS. Westerkirk Capital Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat during the 1st quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new position in Solstice Advanced Mat during the 1st quarter worth about $27,000. Manning & Napier Advisors LLC purchased a new position in Solstice Advanced Mat during the 2nd quarter valued at about $27,000. Finally, Compass Financial Management LLC purchased a new position in Solstice Advanced Mat during the 2nd quarter valued at about $28,000.

Solstice Advanced Mat Trading Down 6.1%

NASDAQ:SOLS opened at $57.78 on Tuesday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The firm has a market cap of $9.18 billion and a PE ratio of 32.64. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $60.46 and a 200 day moving average price of $73.20.

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

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were paid a dividend of $0.075 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 dividend payout ratio is presently 16.95%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SOLS. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Mizuho lowered their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. TD Cowen began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a “buy” rating and a $86.00 target price on the stock. Finally, UBS Group increased their target price on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.11.

Get Our Latest Research Report on Solstice Advanced Mat

Solstice Advanced Mat Profile

(Free Report)

Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.

Further Reading

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