Sylvamo (NYSE:SLVM) Hits New 1-Year High at $64.44

Sylvamo Co. (NYSE:SLVM) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.44 and last traded at $64.08, with a volume of 28221 shares changing hands. The stock had previously closed at $62.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 target price (up from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

Sylvamo Price Performance

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 capitalization of $2.69 billion, a P/E ratio of 10.64, a PEG ratio of 0.34 and a beta of 1.08. The company’s fifty day moving average price is $60.32 and its 200 day moving average price is $52.35.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.16 earnings per share 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 firm had revenue of $964.00 million during the quarter, compared to the consensus estimate of $903.72 million. During the same period in the previous year, the firm posted $1.97 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Sylvamo Co. will post 6.15 EPS for the current year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.85%. Sylvamo’s dividend payout ratio is currently 20.27%.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 12,226 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.94, for a total value of $769,504.44. Following the transaction, the chief executive officer now owns 144,501 shares of the company’s stock, valued at $9,094,892.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Sylvamo news, SVP Peggy Maes sold 1,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $63.20, for a total transaction of $94,800.00. Following the transaction, the senior vice president now directly owns 11,249 shares in the company, valued at approximately $710,936.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeanmichel Ribieras sold 12,226 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.94, for a total transaction of $769,504.44. Following the sale, the chief executive officer now directly owns 144,501 shares of the company’s stock, valued at $9,094,892.94. 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 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sylvamo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management grew its position in Sylvamo by 170.2% in the 3rd quarter. Hollencrest Capital Management now owns 981 shares of the company’s stock valued at $43,000 after acquiring an additional 618 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Sylvamo in the fourth quarter valued at approximately $219,000. Gallacher Capital Management LLC purchased a new stake in Sylvamo in the third quarter valued at approximately $261,000. Truist Financial Corp purchased a new stake in Sylvamo in the fourth quarter valued at approximately $308,000. Finally, Donoghue Forlines LLC purchased a new stake in Sylvamo in the third quarter valued at approximately $301,000. 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.