Sylvamo (NYSE:SLVM) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Sylvamo (NYSE:SLVM) in a research note released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $54.00 price target on the stock.

Several other research analysts have also commented on SLVM. Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 price objective on shares of Sylvamo in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sylvamo has an average rating of “Hold” and an average target price of $55.33.

Sylvamo Price Performance

Shares of SLVM stock opened at $42.58 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.49 and a beta of 0.99. Sylvamo has a fifty-two week low of $37.09 and a fifty-two week high of $68.42. The business’s 50 day moving average price is $46.03 and its 200-day moving average price is $46.06. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50.

Sylvamo (NYSE:SLVM) last announced its earnings results on Thursday, February 12th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The company had revenue of $890.00 million during the quarter, compared to the consensus estimate of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. On average, equities research analysts anticipate that Sylvamo will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Sylvamo’s dividend payout ratio is currently 55.21%.

Insider Activity

In related news, SVP Rodrigo Davoli sold 3,250 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total value of $150,995.00. Following the completion of the transaction, the senior vice president directly owned 46,484 shares in the company, valued at $2,159,646.64. This trade represents a 6.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sylvamo

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in shares of Sylvamo by 49.4% in the first quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock worth $1,532,000 after acquiring an additional 7,556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sylvamo by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock valued at $1,388,000 after acquiring an additional 893 shares in the last quarter. Empowered Funds LLC raised its position in shares of Sylvamo by 16.9% in the 1st quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,557 shares during the last quarter. Intech Investment Management LLC boosted its stake in Sylvamo by 25.9% in the 1st quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Sylvamo by 45.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,700 shares of the company’s stock worth $336,000 after purchasing an additional 2,100 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.