Sylvamo (NYSE:SLVM) Sets New 12-Month Low - What's Next?

Sylvamo Co. (NYSE:SLVM - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $51.55 and last traded at $52.02, with a volume of 23276 shares traded. The stock had previously closed at $52.97.

Analyst Upgrades and Downgrades

Separately, 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 research report on Monday, May 12th.

Sylvamo Stock Performance

The firm has a market capitalization of $2.16 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. 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 stock has a 50-day moving average price of $58.30 and a 200-day moving average price of $71.09.

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 the consensus estimate of $0.70 by ($0.02). The firm had revenue of $821.00 million during 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 firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, research analysts expect 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. Investors of record on Tuesday, July 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio is currently 26.32%.

Insider Activity at Sylvamo

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

Hedge Funds Weigh In On Sylvamo

A number of hedge funds and other institutional investors have recently bought and sold shares of SLVM. Barclays PLC boosted its stake in Sylvamo by 324.6% in the third quarter. Barclays PLC now owns 62,435 shares of the company's stock valued at $5,360,000 after acquiring an additional 47,730 shares during the period. KBC Group NV boosted its stake in Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after acquiring an additional 817 shares during the period. Catalina Capital Group LLC boosted its stake in Sylvamo by 46.8% in the fourth quarter. Catalina Capital Group LLC now owns 4,201 shares of the company's stock valued at $332,000 after acquiring an additional 1,340 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Sylvamo by 22.8% during the fourth quarter. Bleakley Financial Group LLC now owns 16,381 shares of the company's stock worth $1,294,000 after buying an additional 3,046 shares during the period. Finally, Vest Financial LLC boosted its position in shares of Sylvamo by 75.0% during the fourth quarter. Vest Financial LLC now owns 30,537 shares of the company's stock worth $2,413,000 after buying an additional 13,086 shares during the period. 91.16% of the stock is currently 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.