P H Glatfelter (NYSE:GLT) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of P H Glatfelter (NYSE:GLT) from a buy rating to a hold rating in a report published on Monday, February 4th.

Several other equities analysts have also weighed in on GLT. Zacks Investment Research upgraded shares of P H Glatfelter from a strong sell rating to a hold rating in a research report on Tuesday, January 8th. DA Davidson dropped their price objective on shares of P H Glatfelter to $19.00 and set a buy rating on the stock in a report on Wednesday, November 7th. Finally, Sidoti upped their price objective on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a buy rating in a report on Wednesday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $20.67.

GLT traded up $0.20 during trading on Monday, hitting $13.65. 508,844 shares of the company traded hands, compared to its average volume of 275,376. The firm has a market cap of $616.89 million, a P/E ratio of 65.00, a PEG ratio of 4.37 and a beta of 1.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.24. P H Glatfelter has a one year low of $9.28 and a one year high of $22.78.

P H Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $229.48 million for 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 0.83%. P H Glatfelter’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Equities research analysts predict that P H Glatfelter will post 0.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, April 2nd. P H Glatfelter’s dividend payout ratio (DPR) is presently 247.62%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in P H Glatfelter by 2.9% during the fourth quarter. BlackRock Inc. now owns 6,410,919 shares of the basic materials company’s stock valued at $62,570,000 after purchasing an additional 179,196 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of 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 worth $89,614,000 after buying an additional 65,519 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 worth $89,614,000 after buying an additional 65,519 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of P H Glatfelter by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,683,191 shares of the basic materials company’s stock worth $70,386,000 after buying an additional 57,388 shares in the last quarter. Finally, NWQ Investment Management Company LLC lifted its holdings in shares of 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 worth $61,388,000 after buying an additional 308,593 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

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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