Sylvamo (NYSE:SLVM) Reaches New 52-Week High at $71.69

Sylvamo Co. (NYSE:SLVM - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $71.69 and last traded at $71.67, with a volume of 31689 shares trading hands. The stock had previously closed at $70.30.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their target price on Sylvamo from $56.00 to $63.00 and gave the company a "sector perform" rating in a report on Monday, May 13th.

Sylvamo Trading Up 2.2 %

The business has a fifty day simple moving average of $62.31 and a 200 day simple moving average of $54.61. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.72.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, May 10th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.02. Sylvamo had a return on equity of 24.67% and a net margin of 5.40%. The firm had revenue of $905.00 million for the quarter, compared to analysts' expectations of $864.38 million. During the same quarter in the prior year, the firm earned $2.51 EPS. Sylvamo's quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Sylvamo Co. will post 6.75 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 8th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, April 5th. Sylvamo's dividend payout ratio is presently 25.59%.

Insiders Place Their Bets

In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares of the company's stock, valued at approximately $580,373.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jeanmichel Ribieras sold 12,226 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.94, for a total value of $769,504.44. Following the transaction, the chief executive officer now owns 144,501 shares in the company, valued at $9,094,892.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Peggy Maes sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total transaction of $55,090.00. Following the sale, the senior vice president now owns 10,535 shares of the company's stock, valued at $580,373.15. The disclosure for this sale can be found here. Insiders have sold a total of 26,951 shares of company stock valued at $1,618,664 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sylvamo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management boosted its stake in shares of Sylvamo by 170.2% in the third quarter. Hollencrest Capital Management now owns 981 shares of the company's stock valued at $43,000 after purchasing an additional 618 shares during the period. Lazard Asset Management LLC purchased a new position in Sylvamo in the 1st quarter valued at about $45,000. Everence Capital Management Inc. acquired a new stake in shares of Sylvamo during the first quarter valued at about $217,000. Mackenzie Financial Corp purchased a new stake in shares of Sylvamo during the fourth quarter worth about $219,000. Finally, Clearbridge Investments LLC purchased a new position in Sylvamo in the first quarter valued at about $223,000. Institutional investors and hedge funds own 91.16% of the company's stock.

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.