Shares of P H Glatfelter Co (NYSE:GLT) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.67.
Several brokerages have commented on GLT. Zacks Investment Research raised P H Glatfelter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th. BMO Capital Markets cut their price objective on P H Glatfelter from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 13th. Finally, ValuEngine downgraded P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in P H Glatfelter by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,689,417 shares of the basic materials company’s stock valued at $89,614,000 after buying an additional 65,519 shares during the last quarter. Vanguard Group Inc raised its stake in P H Glatfelter by 1.4% in the third quarter. Vanguard Group Inc now owns 4,689,417 shares of the basic materials company’s stock valued at $89,614,000 after buying an additional 65,519 shares during the last quarter. Mondrian Investment Partners LTD raised its stake in P H Glatfelter by 16.9% in the fourth quarter. Mondrian Investment Partners LTD now owns 269,156 shares of the basic materials company’s stock valued at $2,627,000 after buying an additional 38,928 shares during the last quarter. NWQ Investment Management Company LLC raised its stake in P H Glatfelter by 10.1% in the third quarter. NWQ Investment Management Company LLC now owns 3,356,379 shares of the basic materials company’s stock valued at $61,388,000 after buying an additional 308,593 shares during the last quarter. Finally, BlackRock Inc. raised its stake in P H Glatfelter by 3.5% in the third quarter. BlackRock Inc. now owns 6,231,723 shares of the basic materials company’s stock valued at $119,088,000 after buying an additional 208,683 shares during the last quarter. 95.25% of the stock is currently owned by institutional investors.
P H Glatfelter (NYSE:GLT) last announced its quarterly earnings data on Tuesday, February 5th. The basic materials company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The business had revenue of $229.48 million during the quarter, compared to the consensus estimate of $224.89 million. P H Glatfelter had a negative net margin of 14.12% and a positive return on equity of 0.87%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Equities analysts forecast that P H Glatfelter will post 0.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, April 2nd. P H Glatfelter’s payout ratio is 247.62%.
About P H Glatfelter
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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