LSV Asset Management Raises Stake in Sylvamo Corporation (NYSE:SLVM)

Key Points

• LSV Asset Management has increased its stake in Sylvamo Corporation by 0.7%, now owning approximately 4.43% of the company's shares valued at $120.99 million.
• Sylvamo reported an EPS of $0.68 for the last quarter, slightly missing analysts' expectations, with a revenue of $821 million, reflecting a year-over-year decrease of 9.3%.
• The company declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 4.0%, with a payout ratio of 26.32%.

LSV Asset Management boosted its position in Sylvamo Corporation (NYSE:SLVM - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,804,055 shares of the company's stock after purchasing an additional 12,371 shares during the quarter. LSV Asset Management owned about 4.43% of Sylvamo worth $120,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd raised its position in shares of Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Sylvamo during the 1st quarter valued at $200,000. DRW Securities LLC bought a new position in shares of Sylvamo during the 4th quarter valued at $225,000. James Investment Research Inc. bought a new position in shares of Sylvamo during the 1st quarter valued at $251,000. Finally, NDVR Inc. grew its holdings in shares of Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock valued at $253,000 after purchasing an additional 268 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SLVM shares. Bank of America cut their price target on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a report on Wednesday, July 9th. Royal Bank Of Canada cut their price target on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th.

Sylvamo Trading Up 1.2%

Shares of SLVM traded up $0.56 during trading hours on Thursday, reaching $47.96. 92,933 shares of the company traded hands, compared to its average volume of 337,816. The company's fifty day moving average price is $50.72 and its two-hundred day moving average price is $60.53. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 0.87. Sylvamo Corporation has a 12 month low of $44.49 and a 12 month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The company had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. Equities research analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.8%. Sylvamo's payout ratio is presently 26.32%.

Sylvamo Company Profile

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.