Sylvamo (NYSE:SLVM) Shares Down 9.7% - Should You Sell?

Sylvamo Co. (NYSE:SLVM - Get Free Report)'s stock price dropped 9.7% on Wednesday . The stock traded as low as $68.36 and last traded at $68.75. Approximately 56,650 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 241,966 shares. The stock had previously closed at $76.12.

Wall Street Analysts Forecast Growth

SLVM has been the subject of a number of research analyst reports. Bank of America reaffirmed an "underperform" rating and set a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their target price on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday.

Sylvamo Price Performance

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 business has a 50-day moving average price of $80.01 and a two-hundred day moving average price of $81.49. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. As a group, research analysts anticipate that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. Sylvamo's payout ratio is 27.99%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Sylvamo by 5.6% in the 4th quarter. Ameritas Investment Partners Inc. now owns 3,639 shares of the company's stock valued at $288,000 after acquiring an additional 193 shares in the last quarter. GAMMA Investing LLC grew its position in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after acquiring an additional 201 shares during the last quarter. Fifth Third Bancorp grew its position in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after acquiring an additional 214 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after acquiring an additional 218 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company's stock worth $38,000 after acquiring an additional 239 shares during the last quarter. Institutional investors 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.