Zacks Investment Research Upgrades Schweitzer-Mauduit International (NYSE:SWM) to Hold

Zacks Investment Research upgraded shares of Schweitzer-Mauduit International (NYSE:SWM) from a sell rating to a hold rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Schweitzer-Mauduit International, Inc. (SWM) is a leading global provider of engineered solutions & advanced materials. From their origins as paper-making experts during the Renaissance to their cutting-edge technologies that solve today’s modern business challenges, SWM has consistently demonstrated a forward-looking approach to helping their customers succeed. In recent years, as they focused on expanding their reach beyond fiber-based materials, SWM established & grew its Advanced Materials & Structures platform to include expertise and capabilities in resin-based technologies and materials. As part of this effort, SWM acquired and integrated several global leaders specializing in market-leading netting & high-performance TPU films, including Argotec, Conwed Plastics and DelStar Technologies. SWM also acquired its subsidiary Filtrexx International, a global leader in the research & development of sustainable, compost-based solutions for erosion control and storm water management. “

Separately, TheStreet upgraded Schweitzer-Mauduit International from a c rating to a b- rating in a research report on Friday, February 22nd.

Shares of Schweitzer-Mauduit International stock opened at $31.15 on Friday. Schweitzer-Mauduit International has a one year low of $24.35 and a one year high of $44.69. The stock has a market capitalization of $978.05 million, a P/E ratio of 8.95 and a beta of 1.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.97 and a current ratio of 3.08. The stock’s 50 day moving average is $32.00.

Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.10). Schweitzer-Mauduit International had a return on equity of 18.45% and a net margin of 8.81%. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $274.50 million. During the same quarter in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that Schweitzer-Mauduit International will post 3.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 5.65%. Schweitzer-Mauduit International’s payout ratio is 50.57%.

A number of institutional investors have recently made changes to their positions in SWM. FMR LLC lifted its position in Schweitzer-Mauduit International by 122,817.8% during the first quarter. FMR LLC now owns 394,566 shares of the company’s stock worth $15,278,000 after buying an additional 394,245 shares in the last quarter. Boston Partners raised its position in Schweitzer-Mauduit International by 18.8% in the first quarter. Boston Partners now owns 1,324,118 shares of the company’s stock valued at $51,270,000 after purchasing an additional 209,830 shares during the period. Two Sigma Investments LP purchased a new stake in Schweitzer-Mauduit International in the fourth quarter valued at $4,423,000. Barclays PLC raised its position in Schweitzer-Mauduit International by 140.4% in the fourth quarter. Barclays PLC now owns 249,893 shares of the company’s stock valued at $6,259,000 after purchasing an additional 145,923 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Schweitzer-Mauduit International by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock valued at $41,443,000 after purchasing an additional 139,487 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Schweitzer-Mauduit International

Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.

See Also: Cost of Goods Sold (COGS)

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