Sylvamo (NYSE:SLVM) Stock Price Up 3%

Shares of Sylvamo Co. (NYSE:SLVM - Get Free Report) rose 3% during mid-day trading on Friday . The stock traded as high as $58.57 and last traded at $58.56. Approximately 17,329 shares changed hands during trading, a decline of 95% from the average daily volume of 353,197 shares. The stock had previously closed at $56.87.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated a "sector perform" rating and set a $55.00 price objective (up from $45.00) on shares of Sylvamo in a report on Monday, February 26th.

Sylvamo Stock Up 2.8 %

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.14 and a current ratio of 1.72. The firm has a market capitalization of $2.42 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.33 and a beta of 1.10. The stock has a fifty day moving average price of $58.72 and a two-hundred day moving average price of $51.15.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.34. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business had revenue of $964.00 million during the quarter, compared to analyst estimates of $903.72 million. During the same quarter in the previous year, the firm posted $1.97 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts forecast that Sylvamo Co. will post 5.75 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.05%. Sylvamo's dividend payout ratio (DPR) is presently 20.27%.

Insiders Place Their Bets

In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the business's 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 completion of the transaction, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Peggy Maes sold 1,000 shares of the business's 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 sale, the senior vice president now directly owns 10,535 shares of the company's stock, valued at $580,373.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the business's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $57.20, for a total value of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares in the company, valued at $7,566,187.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,951 shares of company stock worth $1,618,664. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLVM. Federated Hermes Inc. bought a new stake in shares of Sylvamo during the 1st quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in Sylvamo in the 3rd quarter valued at approximately $27,000. Tyler Stone Wealth Management acquired a new position in Sylvamo in the 2nd quarter valued at approximately $31,000. Quarry LP raised its holdings in Sylvamo by 80.0% in the 2nd quarter. Quarry LP now owns 830 shares of the company's stock valued at $34,000 after acquiring an additional 369 shares in the last quarter. Finally, Hollencrest Capital Management raised its holdings in Sylvamo by 170.2% in the 3rd quarter. Hollencrest Capital Management now owns 981 shares of the company's stock valued at $43,000 after acquiring an additional 618 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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.