Investors Purchase Large Volume of Put Options on Solstice Advanced Mat (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS) saw unusually large options trading activity on Monday. Stock traders purchased 10,746 put options on the company. This represents an increase of approximately 576% compared to the typical volume of 1,589 put options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SOLS. Exchange Traded Concepts LLC acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $1,215,000. Beacon Investment Advisory Services Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth $493,000. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth $2,259,000. Wallington Asset Management LLC bought a new stake in Solstice Advanced Mat during the fourth quarter valued at about $974,000. Finally, IVC Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the fourth quarter valued at about $1,198,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Solstice Advanced Mat Stock Up 2.1%

Shares of SOLS opened at $78.03 on Tuesday. The business’s fifty day simple moving average is $73.28. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The firm has a market cap of $12.39 billion and a price-to-earnings ratio of 300.12. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 115.38%.

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.