Sylvamo (NYSE:SLVM) Reaches New 52-Week Low - Should You Sell?

Sylvamo Corporation (NYSE:SLVM - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $47.85 and last traded at $47.93, with a volume of 290127 shares trading hands. The stock had previously closed at $48.86.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SLVM shares. Bank of America decreased their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research report on Wednesday, July 9th. Royal Bank Of Canada dropped their target price on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th.

Sylvamo Stock Down 2.2%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.64. The business has a 50-day simple moving average of $52.38 and a two-hundred day simple moving average of $62.64. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 1.93 and a beta of 1.01.

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

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio (DPR) is 26.32%.

Institutional Trading of Sylvamo

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its position in shares of Sylvamo by 39.7% in the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after acquiring an additional 334,792 shares in the last quarter. Vanguard Group Inc. raised its stake in Sylvamo by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company's stock valued at $200,843,000 after purchasing an additional 149,326 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Sylvamo by 351.8% in the 1st quarter. Victory Capital Management Inc. now owns 166,844 shares of the company's stock valued at $11,190,000 after purchasing an additional 129,916 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Sylvamo by 248.4% during the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company's stock worth $11,714,000 after purchasing an additional 124,521 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Sylvamo by 10.6% in the first quarter. American Century Companies Inc. now owns 1,123,686 shares of the company's stock valued at $75,366,000 after buying an additional 107,622 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

About Sylvamo

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.