Horizon Investments LLC Makes New $599,000 Investment in Sylvamo Corporation $SLVM

Horizon Investments LLC bought a new position in shares of Sylvamo Corporation (NYSE:SLVM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,560 shares of the company’s stock, valued at approximately $599,000.

A number of other hedge funds also recently added to or reduced their stakes in SLVM. Versant Capital Management Inc lifted its holdings in Sylvamo by 328.3% during the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sylvamo by 222.8% during the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after buying an additional 528 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Sylvamo during the 3rd quarter worth approximately $38,000. Farther Finance Advisors LLC raised its holdings in shares of Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after purchasing an additional 519 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sylvamo by 185.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock valued at $49,000 after purchasing an additional 638 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Price Performance

Shares of SLVM opened at $40.89 on Friday. Sylvamo Corporation has a twelve month low of $37.09 and a twelve month high of $57.77. The firm’s fifty day simple moving average is $42.60 and its 200-day simple moving average is $45.97. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.53 and a beta of 0.91. 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 posted its earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. Equities analysts forecast that Sylvamo Corporation will post 2.75 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, April 7th. Sylvamo’s dividend payout ratio (DPR) is 55.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Sylvamo in a report on Monday, March 30th. They issued a “buy” rating and a $54.00 price objective on the stock. Royal Bank Of Canada set a $50.00 price objective on shares of Sylvamo in a report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Sylvamo has a consensus rating of “Hold” and a consensus price target of $54.33.

Insider Activity at Sylvamo

In related news, SVP Rodrigo Davoli sold 3,250 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total value of $150,995.00. Following the transaction, the senior vice president directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by company insiders.

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.