Rock Point Advisors LLC Has $3.63 Million Stake in Sylvamo Corporation $SLVM

Rock Point Advisors LLC increased its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 81.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,049 shares of the company’s stock after purchasing an additional 36,862 shares during the quarter. Rock Point Advisors LLC owned about 0.21% of Sylvamo worth $3,628,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SLVM. Versant Capital Management Inc lifted its holdings in Sylvamo by 328.3% during the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock worth $30,000 after buying an additional 522 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock valued at $49,000 after acquiring an additional 638 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Sylvamo by 1,959.6% during the third quarter. Hantz Financial Services Inc. now owns 1,174 shares of the company’s stock valued at $52,000 after acquiring an additional 1,117 shares during the period. Optiver Holding B.V. bought a new position in Sylvamo in the third quarter valued at about $84,000. Finally, Tower Research Capital LLC TRC increased its position in Sylvamo by 339.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,526 shares of the company’s stock worth $177,000 after purchasing an additional 2,724 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SLVM shares. Weiss Ratings restated a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. Bank of America upgraded shares of Sylvamo from an “underperform” rating to a “buy” rating and increased their price objective for the company from $41.00 to $59.00 in a report on Monday, November 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price objective on shares of Sylvamo in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.00.

Sylvamo Stock Performance

Shares of SLVM stock opened at $47.28 on Wednesday. The stock has a market cap of $1.87 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. The stock has a 50-day moving average of $49.35 and a 200-day moving average of $46.49. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 0.92. Sylvamo Corporation has a one year low of $37.51 and a one year high of $69.42.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. The firm had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $858.76 million. During the same quarter in the previous year, the company earned $1.96 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Sylvamo’s dividend payout ratio (DPR) is presently 55.21%.

Sylvamo Company Profile

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.