Sylvamo (NYSE:SLVM) Sets New 12-Month Low – Time to Sell?

Sylvamo Corporation (NYSE:SLVM)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock 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.

Wall Street Analysts Forecast Growth

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

Sylvamo Stock Performance

The firm’s fifty day moving average price is $48.02 and its two-hundred day moving average price is $46.31. 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.

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

Sylvamo Announces Dividend

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

Insider Activity at Sylvamo

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 stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the transaction, the senior vice president owned 46,484 shares in the company, valued at $2,159,646.64. This trade represents a 6.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.74% of the company’s stock.

Institutional Trading of Sylvamo

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

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.