Patriot Financial Group Insurance Agency LLC Invests $334,000 in Solstice Advanced Mat $SOLS

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,884 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $26,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $29,000. Peoples Financial Services CORP. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $37,000. Towne Trust Company N.A acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $44,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $58,000.

Wall Street Analysts Forecast Growth

SOLS has been the subject of several research analyst reports. 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. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, January 7th. Finally, UBS Group downgraded shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.00.

Solstice Advanced Mat Stock Performance

SOLS stock opened at $81.20 on Monday. The firm has a market cap of $12.89 billion and a P/E ratio of 312.31. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The company has a 50-day simple moving average of $76.30.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business 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 Announces Dividend

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

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.