Sylvamo (NYSE:SLVM) Reaches New 1-Year Low - What's Next?

Sylvamo Co. (NYSE:SLVM - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $50.83 and last traded at $51.60, with a volume of 41033 shares. The stock had previously closed at $52.71.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th.

Sylvamo Stock Down 4.0%

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The company's 50-day simple moving average is $56.93 and its 200 day simple moving average is $69.30. The firm has a market cap of $2.06 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data 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 7.96% and a return on equity of 34.72%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. Research analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Tuesday, July 8th. Sylvamo's payout ratio is currently 26.32%.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at $8,591,575.16. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.74% of the stock is owned by insiders.

Institutional Trading of Sylvamo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Sylvamo by 182.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after buying an additional 403 shares during the period. Covestor Ltd increased its stake in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock worth $62,000 after acquiring an additional 641 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Sylvamo in the first quarter valued at about $61,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Sylvamo by 12.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after purchasing an additional 218 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in shares of Sylvamo during the fourth quarter valued at approximately $225,000. 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.