Sylvamo (NYSE:SLVM) Reaches New 1-Year Low – Here’s Why

Sylvamo Corporation (NYSE:SLVM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $36.33 and last traded at $36.66, with a volume of 11059 shares traded. The stock had previously closed at $37.34.

Analyst Upgrades and Downgrades

SLVM has been the subject of several recent analyst reports. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Truist Financial started coverage on shares of Sylvamo in a report on Monday, March 30th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Royal Bank Of Canada reduced their price target on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sylvamo currently has an average rating of “Hold” and a consensus target price of $54.00.

Sylvamo Price Performance

The business has a 50 day simple moving average of $41.60 and a two-hundred day simple moving average of $45.78. The firm has a market capitalization of $1.44 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, sell-side analysts expect that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s payout ratio is currently 71.15%.

Insider Buying and Selling at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 46,484 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in Sylvamo by 171.2% during the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Sylvamo by 328.3% during the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Sylvamo by 222.8% during the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after buying an additional 528 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Sylvamo during the 4th quarter valued at about $38,000. Finally, Farther Finance Advisors LLC lifted its position in Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after buying an additional 519 shares during the last quarter. Hedge funds and other institutional investors 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.