Sylvamo (NYSE:SLVM) Stock Price Up 3%

Shares of Sylvamo Co. (NYSE:SLVM) rose 3% during mid-day trading on Friday . The stock traded as high as $58.57 and last traded at $58.56. Approximately 17,329 shares changed hands during trading, a decline of 95% from the average daily volume of 353,197 shares. The stock had previously closed at $56.87.

Analyst Ratings Changes

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

Sylvamo Stock Performance

The stock has a market capitalization of $2.44 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.33 and a beta of 1.10. The stock has a fifty day moving average of $58.48 and a 200-day moving average of $51.04. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. The firm had revenue of $964.00 million during the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. Sylvamo’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.97 earnings per share. Equities analysts anticipate that Sylvamo Co. will post 5.75 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is currently 20.27%.

Insider Transactions at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 12,225 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $57.20, for a total value of $699,270.00. Following the transaction, the chief executive officer now owns 132,276 shares in the company, valued at approximately $7,566,187.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,225 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $57.20, for a total transaction of $699,270.00. Following the transaction, the chief executive officer now owns 132,276 shares in the company, valued at approximately $7,566,187.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Peggy Maes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $63.20, for a total value of $94,800.00. Following the sale, the senior vice president now directly owns 11,249 shares in the company, valued at approximately $710,936.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,951 shares of company stock worth $1,618,664. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Sylvamo by 0.3% in the 2nd quarter. BlackRock Inc. now owns 5,309,598 shares of the company’s stock valued at $214,773,000 after buying an additional 15,809 shares in the last quarter. Vanguard Group Inc. lifted its stake in Sylvamo by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,692,101 shares of the company’s stock valued at $132,209,000 after buying an additional 71,770 shares in the last quarter. First Trust Advisors LP purchased a new stake in Sylvamo in the 1st quarter valued at approximately $69,597,000. Royal London Asset Management Ltd. lifted its stake in Sylvamo by 60.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,823,426 shares of the company’s stock valued at $80,167,000 after buying an additional 690,117 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Sylvamo by 2.7% in the 3rd quarter. LSV Asset Management now owns 1,810,695 shares of the company’s stock valued at $79,562,000 after buying an additional 48,047 shares in the last quarter. Hedge funds and other institutional investors 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.