Sylvamo (NYSE:SLVM) Sets New 52-Week Low – Should You Sell?

Shares of Sylvamo Corporation (NYSE:SLVM) reached a new 52-week low on Tuesday . The company traded as low as $36.33 and last traded at $36.66, with a volume of 11059 shares trading hands. The stock had previously closed at $37.34.

Analysts Set New Price Targets

Several research firms recently issued reports on SLVM. Truist Financial assumed coverage on shares of Sylvamo in a report on Monday, March 30th. They issued a “buy” rating and a $54.00 target price for the company. Royal Bank Of Canada dropped 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. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Sylvamo Price Performance

The firm has a 50-day moving average of $41.32 and a 200-day moving average of $45.72. The stock has a market cap of $1.49 billion, a PE ratio of 14.83, a PEG ratio of 0.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81.

Sylvamo (NYSE:SLVM) last posted its quarterly 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). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. Research analysts predict that Sylvamo Corporation will post 2.32 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s payout ratio is 71.15%.

Insider Buying and Selling at Sylvamo

In related 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 completion of the transaction, the senior vice president directly owned 46,484 shares of the company’s stock, valued at approximately $2,159,646.64. This trade represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Sylvamo

Several hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. grew its position in shares of 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. GAMMA Investing LLC boosted its stake in Sylvamo by 222.8% during the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after buying an additional 528 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Sylvamo during the 4th quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new position in Sylvamo during the 3rd quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC increased its stake 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 acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Sylvamo

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.