Sylvamo (NYSE:SLVM) Reaches New 12-Month Low – What’s Next?

Shares of Sylvamo Corporation (NYSE:SLVM) reached a new 52-week low on Tuesday . The stock traded as low as $36.33 and last traded at $36.66, with a volume of 11059 shares traded. The stock had previously closed at $37.34.

Analyst Ratings Changes

SLVM has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on Sylvamo in a research note on Monday, March 30th. They set a “buy” rating and a $54.00 target price on the stock. Royal Bank Of Canada lowered their price objective on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, May 11th. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have 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, the company currently has an average rating of “Hold” and a consensus price target of $54.00.

Sylvamo Price Performance

The firm has a 50 day moving average price of $41.60 and a two-hundred day moving average price of $45.78. The company has a market cap of $1.44 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, analysts predict that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s dividend payout ratio is presently 71.15%.

Insider Buying and Selling

In related news, SVP Rodrigo Davoli sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total value of $150,995.00. Following the completion of the transaction, the senior vice president directly owned 46,484 shares of the company’s stock, valued at approximately $2,159,646.64. This trade represents a 6.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently made changes to their positions in SLVM. UMB Bank n.a. grew its position in shares of Sylvamo by 171.2% in the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Sylvamo by 328.3% during the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sylvamo by 222.8% in the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after purchasing an additional 528 shares during the period. International Assets Investment Management LLC bought a new position in Sylvamo in the 4th quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its holdings in Sylvamo by 162.7% during the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after buying an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Sylvamo

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.