P H Glatfelter (NYSE:GLT) Downgraded by ValuEngine to Hold

ValuEngine cut shares of P H Glatfelter (NYSE:GLT) from a buy rating to a hold rating in a research report released on Friday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of P H Glatfelter from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $19.50.

Shares of NYSE:GLT traded down $0.50 during trading hours on Friday, reaching $15.17. The stock had a trading volume of 215,705 shares, compared to its average volume of 219,661. P H Glatfelter has a 1 year low of $9.28 and a 1 year high of $20.40. The business’s 50 day moving average is $16.33. The company has a quick ratio of 1.11, a current ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $670.06 million, a PE ratio of 72.24, a price-to-earnings-growth ratio of 4.38 and a beta of 1.75.

P H Glatfelter (NYSE:GLT) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company had revenue of $235.70 million for the quarter, compared to the consensus estimate of $251.05 million. P H Glatfelter had a negative net margin of 18.24% and a positive return on equity of 3.05%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS. Equities research analysts anticipate that P H Glatfelter will post 0.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 3rd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Tuesday, July 2nd. P H Glatfelter’s dividend payout ratio (DPR) is 247.62%.

In other P H Glatfelter news, Director Nicholas Debenedictis acquired 2,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $15.25 per share, with a total value of $30,500.00. Following the transaction, the director now owns 84,365 shares of the company’s stock, valued at approximately $1,286,566.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 12,000 shares of company stock worth $179,725 over the last ninety days. Insiders own 2.06% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its position in P H Glatfelter by 0.6% during the 1st quarter. Rhumbline Advisers now owns 131,707 shares of the basic materials company’s stock worth $1,860,000 after purchasing an additional 744 shares during the last quarter. Texas Permanent School Fund grew its position in P H Glatfelter by 4.3% during the 1st quarter. Texas Permanent School Fund now owns 29,885 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 1,235 shares during the last quarter. Zeke Capital Advisors LLC grew its position in P H Glatfelter by 6.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 24,259 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 1,425 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of P H Glatfelter by 6.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 30,610 shares of the basic materials company’s stock worth $517,000 after acquiring an additional 1,794 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of P H Glatfelter by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 355,449 shares of the basic materials company’s stock worth $3,469,000 after acquiring an additional 1,962 shares during the period. 95.10% of the stock is currently owned by institutional investors.

About P H Glatfelter

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells 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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