Royce & Associates LP Has $22.36 Million Position in Sylvamo Corporation $SLVM

Royce & Associates LP boosted its holdings in Sylvamo Corporation (NYSE:SLVM) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 464,401 shares of the company’s stock after acquiring an additional 36,685 shares during the quarter. Royce & Associates LP’s holdings in Sylvamo were worth $22,361,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Nomura Holdings Inc. grew its position in Sylvamo by 34.1% in the 3rd quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock valued at $95,073,000 after purchasing an additional 546,336 shares during the period. American Century Companies Inc. grew its position in Sylvamo by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock valued at $57,086,000 after purchasing an additional 87,095 shares during the period. Wasatch Advisors LP grew its position in Sylvamo by 12.5% in the 3rd quarter. Wasatch Advisors LP now owns 941,999 shares of the company’s stock valued at $41,655,000 after purchasing an additional 104,778 shares during the period. William Blair Investment Management LLC acquired a new stake in Sylvamo in the 4th quarter valued at $33,777,000. Finally, Allianz Asset Management GmbH grew its position in Sylvamo by 5.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 557,398 shares of the company’s stock valued at $24,648,000 after purchasing an additional 27,593 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price target on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, May 11th. Truist Financial assumed coverage on shares of Sylvamo in a research report on Monday, March 30th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

Insider Activity at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of Sylvamo stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the sale, the senior vice president directly owned 46,484 shares in the company, valued at $2,159,646.64. The trade was a 6.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $38.16 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $40.96 and its two-hundred day simple moving average is $45.66. Sylvamo Corporation has a 1-year low of $35.53 and a 1-year high of $56.80. The stock has a market cap of $1.52 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, analysts forecast that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s payout ratio is presently 71.15%.

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.