ValuEngine upgraded shares of P H Glatfelter Co (NYSE:GLT) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other research firms also recently weighed in on GLT. BidaskClub downgraded shares of P H Glatfelter from a hold rating to a sell rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of P H Glatfelter from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $21.25.

P H Glatfelter (NYSE:GLT) remained flat at $$20.77 during trading on Thursday. The company had a trading volume of 154,275 shares, compared to its average volume of 140,252. The firm has a market capitalization of $905.28, a PE ratio of 16.89, a P/E/G ratio of 3.68 and a beta of 1.39. The company has a quick ratio of 0.82, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. P H Glatfelter has a 52-week low of $16.53 and a 52-week high of $25.59.

P H Glatfelter (NYSE:GLT) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. P H Glatfelter had a net margin of 2.92% and a return on equity of 6.96%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. equities research analysts forecast that P H Glatfelter will post 1.13 EPS for the current year.

WARNING: “P H Glatfelter Co (GLT) Raised to Buy at ValuEngine” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/p-h-glatfelter-co-glt-raised-to-buy-at-valuengine/1681191.html.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 11th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, October 10th. P H Glatfelter’s payout ratio is presently 1,733.33%.

In related news, Director Nicholas Debenedictis acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $17.62 per share, with a total value of $88,100.00. Following the completion of the transaction, the director now owns 57,935 shares of the company’s stock, valued at approximately $1,020,814.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its position in P H Glatfelter by 73.5% in the second quarter. Bank of Montreal Can now owns 5,607 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 2,376 shares in the last quarter. Envestnet Asset Management Inc. grew its position in P H Glatfelter by 63.2% in the first quarter. Envestnet Asset Management Inc. now owns 5,799 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 2,246 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in P H Glatfelter by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 638 shares in the last quarter. State of Alaska Department of Revenue grew its position in P H Glatfelter by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 8,597 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 3,787 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in P H Glatfelter in the first quarter worth approximately $256,000. 90.05% of the stock is owned by institutional investors.

P H Glatfelter Company Profile

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for P H Glatfelter Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P H Glatfelter Co and related companies with Analyst Ratings Network's FREE daily email newsletter.