Sylvamo (NYSE:SLVM) Sets New 1-Year Low – Time to Sell?

Sylvamo Corporation (NYSE:SLVM) shares reached a new 52-week low on Friday . The company traded as low as $37.47 and last traded at $37.6750, with a volume of 154534 shares traded. The stock had previously closed at $38.77.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLVM. Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 price target on shares of Sylvamo in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

Sylvamo Stock Performance

The stock has a fifty day simple moving average of $47.75 and a two-hundred day simple moving average of $46.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 0.43 and a beta of 0.96.

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 return on equity of 15.12% and a net margin of 3.94%.The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $858.76 million. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. Analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.80 annualized dividend and a yield of 4.8%. Sylvamo’s payout ratio is 55.21%.

Insider Activity

In other 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 transaction of $150,995.00. Following the completion of the sale, the senior vice president owned 46,484 shares of the company’s stock, valued at $2,159,646.64. This trade represents a 6.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC increased its stake in shares of Sylvamo by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock worth $1,480,000 after purchasing an additional 245 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Sylvamo by 0.9% in the second quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock valued at $1,473,000 after purchasing an additional 259 shares during the period. Rock Point Advisors LLC lifted its stake in shares of Sylvamo by 0.3% during the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock valued at $3,963,000 after buying an additional 265 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Sylvamo by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 96,697 shares of the company’s stock valued at $4,276,000 after buying an additional 278 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.