P H Glatfelter Co (GLT) Receives Average Rating of “Hold” from Brokerages

Shares of P H Glatfelter Co (NYSE:GLT) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.50.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 18th. Sidoti boosted their price objective on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. ValuEngine downgraded shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, BMO Capital Markets upped their price target on shares of P H Glatfelter from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd.

GLT traded up $0.28 during trading on Friday, hitting $18.57. 288,364 shares of the stock traded hands, compared to its average volume of 267,227. P H Glatfelter has a twelve month low of $15.30 and a twelve month high of $23.85. The company has a market cap of $812.98 million, a P/E ratio of 16.01, a P/E/G ratio of 4.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 0.99.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Wednesday, October 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.52 annualized dividend and a dividend yield of 2.80%. P H Glatfelter’s dividend payout ratio (DPR) is presently 44.83%.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of P H Glatfelter by 191.0% during the third quarter. Wells Fargo & Company MN now owns 202,536 shares of the basic materials company’s stock worth $3,871,000 after buying an additional 132,935 shares in the last quarter. US Bancorp DE increased its holdings in shares of P H Glatfelter by 17,767.4% during the third quarter. US Bancorp DE now owns 7,683 shares of the basic materials company’s stock worth $147,000 after buying an additional 7,640 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of P H Glatfelter by 12.6% during the third quarter. Russell Investments Group Ltd. now owns 45,442 shares of the basic materials company’s stock worth $868,000 after buying an additional 5,083 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of P H Glatfelter by 36.4% during the third quarter. First Trust Advisors LP now owns 91,407 shares of the basic materials company’s stock worth $1,747,000 after buying an additional 24,400 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in shares of P H Glatfelter by 3.9% during the third quarter. Foundry Partners LLC now owns 326,390 shares of the basic materials company’s stock worth $6,237,000 after buying an additional 12,175 shares in the last quarter. Institutional investors own 91.57% of the company’s stock.

P H Glatfelter Company Profile

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.

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