Sylvamo (NYSE:SLVM) Sees Unusually-High Trading Volume

Sylvamo Co. (NYSE:SLVM - Get Free Report) saw strong trading volume on Tuesday . 454,013 shares changed hands during mid-day trading, an increase of 27% from the previous session's volume of 357,637 shares.The stock last traded at $60.83 and had previously closed at $60.59.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $55.00 target price (up from $45.00) on shares of Sylvamo in a research note on Monday, February 26th. TheStreet upgraded shares of Sylvamo from a "c+" rating to a "b" rating in a research note on Wednesday, December 20th.

Sylvamo Trading Up 0.1 %

The firm's 50-day moving average price is $56.65 and its 200-day moving average price is $50.32. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.50 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.35 and a beta of 1.10.

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

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, April 5th. Sylvamo's dividend payout ratio (DPR) is currently 20.27%.

Insider Activity

In related news, SVP Peggy Maes sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 approximately $580,373.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Peggy Maes sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 approximately $580,373.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $57.20, for a total transaction of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares in the company, valued at approximately $7,566,187.20. 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 over the last quarter. Company insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On Sylvamo

Institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its holdings in shares of Sylvamo by 211.1% in the 3rd quarter. New York State Common Retirement Fund now owns 45,305 shares of the company's stock worth $1,991,000 after buying an additional 30,741 shares during the last quarter. Handelsbanken Fonder AB bought a new position in shares of Sylvamo in the 3rd quarter worth $321,000. LSV Asset Management increased its holdings in shares of Sylvamo by 2.7% in the 3rd quarter. LSV Asset Management now owns 1,810,695 shares of the company's stock worth $79,562,000 after buying an additional 48,047 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Sylvamo by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,620,331 shares of the company's stock worth $115,137,000 after buying an additional 78,279 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Sylvamo by 13.5% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 126,680 shares of the company's stock valued at $5,566,000 after purchasing an additional 15,052 shares in the last quarter. Institutional investors 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.