SummerHaven Investment Management LLC Buys Shares of 16,107 Sylvamo Corporation $SLVM

SummerHaven Investment Management LLC bought a new position in Sylvamo Corporation (NYSE:SLVM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,107 shares of the company’s stock, valued at approximately $712,000.

Several other large investors have also recently bought and sold shares of SLVM. Covestor Ltd lifted its stake in Sylvamo by 130.7% in the 3rd quarter. Covestor Ltd now owns 4,453 shares of the company’s stock worth $197,000 after acquiring an additional 2,523 shares in the last quarter. Vest Financial LLC lifted its position in shares of Sylvamo by 17.4% in the third quarter. Vest Financial LLC now owns 14,406 shares of the company’s stock worth $637,000 after purchasing an additional 2,137 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sylvamo by 10.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,606 shares of the company’s stock worth $239,000 after purchasing an additional 553 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Sylvamo by 328.3% during the third quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after purchasing an additional 522 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Sylvamo during the third quarter valued at approximately $421,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLVM has been the subject of a number of research reports. Bank of America raised shares of Sylvamo from an “underperform” rating to a “buy” rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Monday, November 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 target price on shares of Sylvamo in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Sylvamo Stock Down 1.9%

Shares of SLVM stock opened at $49.47 on Thursday. Sylvamo Corporation has a 12 month low of $37.51 and a 12 month high of $82.04. The stock has a 50 day moving average of $49.22 and a 200-day moving average of $46.20. The firm has a market cap of $1.95 billion, a PE ratio of 11.32 and a beta of 0.95. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.80.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $840.32 million. During the same period last year, the company earned $2.44 earnings per share. Sylvamo’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, equities analysts predict that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Monday, January 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, January 5th. Sylvamo’s dividend payout ratio (DPR) is presently 41.19%.

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.