Sylvamo (NYSE:SLVM) Hits New 1-Year Low - Should You Sell?

Sylvamo Corporation (NYSE:SLVM - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $50.01 and last traded at $50.14, with a volume of 351488 shares traded. The stock had previously closed at $50.60.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut their price objective 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 Price Performance

The company's 50 day moving average is $56.00 and its 200 day moving average is $67.72. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07.

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

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, July 8th. Sylvamo's dividend payout ratio (DPR) is 26.32%.

Hedge Funds Weigh In On Sylvamo

A number of institutional investors have recently modified their holdings of SLVM. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 403 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Sylvamo in the first quarter valued at $61,000. Covestor Ltd increased its stake in Sylvamo by 464.5% in the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares during the period. Steward Partners Investment Advisory LLC increased its stake in 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 during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in Sylvamo in the 1st quarter valued at about $200,000. 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.