Sylvamo (NYSE:SLVM) Hits New 52-Week Low – Here’s Why

Sylvamo Co. (NYSE:SLVM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $56.01 and last traded at $56.17, with a volume of 10287 shares changing hands. The stock had previously closed at $59.27.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their price target on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Sylvamo Price Performance

The business’s 50 day moving average price is $68.90 and its 200-day moving average price is $79.06. The company has a market cap of $2.26 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. As a group, analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 3.23%. Sylvamo’s payout ratio is 24.97%.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Sylvamo by 150.9% during the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after purchasing an additional 13,512 shares during the period. HighTower Advisors LLC raised its holdings in Sylvamo by 473.5% in the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,587,000 after acquiring an additional 15,247 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares during the period. Blue Trust Inc. grew its holdings in shares of Sylvamo by 224.6% during the 4th quarter. Blue Trust Inc. now owns 11,284 shares of the company’s stock worth $969,000 after purchasing an additional 7,808 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Sylvamo by 5.0% during the third quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company’s stock valued at $777,000 after purchasing an additional 431 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

About Sylvamo

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.