9,389 Shares in Solstice Advanced Mat $SOLS Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,389 shares of the company’s stock, valued at approximately $456,000.

Other hedge funds also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth about $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $89,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SOLS. UBS Group reaffirmed a “buy” rating and issued a $87.00 price target on shares of Solstice Advanced Mat in a research report on Thursday, February 12th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. 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, Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Solstice Advanced Mat Trading Down 3.5%

Shares of SOLS stock opened at $72.40 on Tuesday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The company has a market cap of $11.49 billion and a P/E ratio of 278.46. The stock has a 50 day moving average price of $71.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $987.00 million during the quarter, compared to analyst estimates 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 declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Solstice Advanced Mat’s 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.