P H Glatfelter Co (GLT) Raised to Buy at ValuEngine
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.
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.