Sylvamo (NYSE:SLVM) Sees Strong Trading Volume - Should You Buy?

Shares of Sylvamo Co. (NYSE:SLVM - Get Free Report) saw strong trading volume on Friday . 1,072,707 shares changed hands during mid-day trading, an increase of 235% from the previous session's volume of 320,276 shares.The stock last traded at $78.92 and had previously closed at $81.79.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America restated an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti initiated coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a "buy" rating and a $100.00 target price on the stock.

Sylvamo Price Performance

The business has a 50-day moving average price of $87.37 and a two-hundred day moving average price of $79.38. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. As a group, research analysts anticipate that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, January 6th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.27%. Sylvamo's payout ratio is 27.99%.

Institutional Trading of Sylvamo

Several institutional investors and hedge funds have recently made changes to their positions in SLVM. Franklin Resources Inc. grew its holdings in shares of Sylvamo by 9.8% in the third quarter. Franklin Resources Inc. now owns 47,955 shares of the company's stock valued at $4,040,000 after acquiring an additional 4,261 shares in the last quarter. Synovus Financial Corp bought a new position in Sylvamo in the 3rd quarter valued at $207,000. Tidal Investments LLC increased its position in shares of Sylvamo by 150.9% during the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,512 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sylvamo in the 3rd quarter worth about $82,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Sylvamo by 100.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,904 shares of the company's stock worth $1,627,000 after buying an additional 8,994 shares during 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.