LSV Asset Management Decreases Stake in Sylvamo Corporation $SLVM

LSV Asset Management reduced its position in Sylvamo Corporation (NYSE:SLVM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,611,540 shares of the company’s stock after selling 28,044 shares during the period. LSV Asset Management’s holdings in Sylvamo were worth $77,596,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock worth $57,086,000 after buying an additional 87,095 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Sylvamo by 802.6% in the third quarter. WINTON GROUP Ltd now owns 65,521 shares of the company’s stock worth $2,897,000 after buying an additional 58,262 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Sylvamo by 2,246.7% in the fourth quarter. SG Americas Securities LLC now owns 223,568 shares of the company’s stock worth $10,765,000 after buying an additional 214,041 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Sylvamo by 309.2% in the third quarter. Denali Advisors LLC now owns 66,400 shares of the company’s stock worth $2,936,000 after buying an additional 50,174 shares in the last quarter. Finally, Rock Point Advisors LLC lifted its position in shares of Sylvamo by 81.6% in the third quarter. Rock Point Advisors LLC now owns 82,049 shares of the company’s stock worth $3,628,000 after buying an additional 36,862 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the transaction, the senior vice president owned 46,484 shares of the company’s stock, valued at approximately $2,159,646.64. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company’s stock.

Sylvamo Trading Down 0.1%

Shares of SLVM stock opened at $38.13 on Friday. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $41.11 and its two-hundred day simple moving average is $45.65. The company has a market cap of $1.51 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’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 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. Sylvamo’s dividend payout ratio is currently 71.15%.

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.