Sylvamo (NYSE:SLVM) Reaches New 12-Month Low – Here’s Why

Sylvamo Corporation (NYSE:SLVM)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $37.47 and last traded at $37.6750, with a volume of 154534 shares trading hands. The stock had previously closed at $38.77.

Analyst Ratings Changes

A number of research firms have weighed in on SLVM. Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 price objective on shares of Sylvamo in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.00.

Sylvamo Price Performance

The stock has a market capitalization of $1.48 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $48.02 and a 200 day moving average price of $46.31.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The business had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 earnings per share. Research analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.8%. Sylvamo’s dividend payout ratio (DPR) is presently 55.21%.

Insider Buying and Selling at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total transaction of $150,995.00. Following the sale, the senior vice president directly owned 46,484 shares in the company, valued at approximately $2,159,646.64. This represents a 6.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Sylvamo by 49.4% in the 1st quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock valued at $1,532,000 after buying an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sylvamo by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock worth $1,388,000 after buying an additional 893 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Sylvamo by 16.9% during the first quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock valued at $1,189,000 after buying an additional 2,557 shares during the period. Intech Investment Management LLC raised its holdings in shares of Sylvamo by 25.9% in the first quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock valued at $1,217,000 after acquiring an additional 3,727 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sylvamo by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 985,834 shares of the company’s stock worth $49,396,000 after acquiring an additional 6,989 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.