Sylvamo (NYSE:SLVM) Stock Price Up 3%

Sylvamo Co. (NYSE:SLVM)’s share price shot up 3% during trading on Friday . The company traded as high as $58.57 and last traded at $58.56. 17,329 shares were traded during mid-day trading, a decline of 95% from the average session volume of 353,197 shares. The stock had previously closed at $56.87.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $55.00 price objective (up previously from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

Sylvamo Stock Up 3.3 %

The business’s 50 day simple moving average is $58.48 and its 200-day simple moving average is $51.04. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.33 and a beta of 1.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.14 and a current ratio of 1.72.

Sylvamo (NYSE:SLVM) last issued its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. The company had revenue of $964.00 million during the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. Sell-side analysts expect that Sylvamo Co. will post 5.75 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is currently 20.27%.

Insider Buying and Selling at Sylvamo

In other news, SVP Peggy Maes sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Peggy Maes sold 1,000 shares of Sylvamo stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeanmichel Ribieras sold 12,225 shares of Sylvamo stock in a transaction on Monday, March 18th. The stock was sold at an average price of $57.20, for a total transaction of $699,270.00. Following the completion of the transaction, the chief executive officer now owns 132,276 shares in the company, valued at approximately $7,566,187.20. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock valued at $1,618,664 in the last quarter. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SLVM. Federated Hermes Inc. bought a new position in shares of Sylvamo during the 1st quarter worth about $25,000. International Assets Investment Management LLC bought a new position in shares of Sylvamo during the 3rd quarter worth about $27,000. Tyler Stone Wealth Management bought a new position in shares of Sylvamo during the 2nd quarter worth about $31,000. Quarry LP increased its holdings in shares of Sylvamo by 80.0% during the 2nd quarter. Quarry LP now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 369 shares during the period. Finally, Hollencrest Capital Management increased its holdings in shares of Sylvamo by 170.2% during the 3rd quarter. Hollencrest Capital Management now owns 981 shares of the company’s stock worth $43,000 after purchasing an additional 618 shares during the period. Institutional investors own 91.16% of the company’s stock.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.