ValuEngine upgraded shares of P H Glatfelter (NYSE:GLT) from a hold rating to a buy rating in a research note published on Wednesday morning.
GLT has been the topic of several other reports. Zacks Investment Research cut shares of P H Glatfelter from a buy rating to a hold rating in a research report on Thursday, February 8th. TheStreet upgraded shares of P H Glatfelter from a c+ rating to a b- rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $21.58.
P H Glatfelter (NYSE GLT) opened at $22.18 on Wednesday. P H Glatfelter has a 52-week low of $16.53 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.68. The firm has a market cap of $969.02, a P/E ratio of 130.47, a price-to-earnings-growth ratio of 3.31 and a beta of 1.45.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, April 2nd. P H Glatfelter’s dividend payout ratio is currently 305.88%.
Several institutional investors have recently bought and sold shares of GLT. Public Employees Retirement System of Ohio grew its holdings in shares of P H Glatfelter by 10.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 638 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of P H Glatfelter during the 3rd quarter valued at $178,000. Balter Liquid Alternatives LLC purchased a new position in shares of P H Glatfelter during the 4th quarter valued at $186,000. Millennium Management LLC purchased a new position in shares of P H Glatfelter during the 4th quarter valued at $208,000. Finally, M&T Bank Corp purchased a new position in shares of P H Glatfelter during the 4th quarter valued at $273,000. Institutional investors and hedge funds own 91.03% of the company’s stock.
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About P H Glatfelter
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.
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