Sylvamo (NYSE:SLVM) Sets New 52-Week Low – Time to Sell?

Sylvamo Corporation (NYSE:SLVM)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $34.15 and last traded at $34.4330, with a volume of 27396 shares. The stock had previously closed at $34.98.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SLVM shares. Weiss Ratings restated a “sell (d+)” rating on shares of Sylvamo in a report on Friday, August 7th. Bank of America reissued a “neutral” rating and set a $45.00 price objective on shares of Sylvamo in a research report on Tuesday, July 14th. Royal Bank Of Canada decreased their target price on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Wells Fargo & Company assumed coverage on shares of Sylvamo in a research note on Wednesday, September 16th. They issued an “overweight” rating and a $47.00 target price on the stock. Finally, Truist Financial reiterated a “buy” rating and set a $49.00 price target (down from $51.00) on shares of Sylvamo in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.75.

Sylvamo Trading Down 2.0%

The stock has a 50-day simple moving average of $37.00 and a two-hundred day simple moving average of $39.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. The firm has a market cap of $1.36 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The firm had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $811.25 million. During the same period in the previous year, the company earned $0.37 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Sylvamo Corporation will post 1.53 EPS for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 2nd. Sylvamo’s dividend payout ratio is presently 95.74%.

Institutional Trading of Sylvamo

Several large investors have recently modified their holdings of the company. Tidal Investments LLC purchased a new position in Sylvamo in the second quarter worth about $1,299,000. Allianz Asset Management GmbH increased its position in shares of Sylvamo by 15.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 506,147 shares of the company’s stock valued at $19,132,000 after purchasing an additional 69,195 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Sylvamo by 8.3% in the 1st quarter. SG Americas Securities LLC now owns 242,221 shares of the company’s stock worth $10,231,000 after purchasing an additional 18,653 shares during the period. Rokos Capital Management LLP bought a new position in shares of Sylvamo in the 1st quarter worth approximately $10,802,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sylvamo by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company’s stock worth $57,547,000 after buying an additional 72,177 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Company Profile

Sylvamo Corporation (NYSE: SLVM) is a global producer of uncoated paper products. The company manufactures paper used for printing, writing, education, office applications, books, envelopes and other everyday communications. Its portfolio includes consumer and business paper brands such as Hammermill, along with products sold under regional and private-label brands.

Sylvamo serves customers through operations and distribution networks in North America, Latin America and Europe. Its products are sold to merchants, retailers, businesses, publishers, printers and other commercial customers.