Zacks Investment Research upgraded shares of P H Glatfelter (NYSE:GLT) from a strong sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Glatfelter is a global supplier of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Headquartered in York, PA, the Company serves customers. operations include facilities in Pennsylvania and Ohio. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, and sales and distribution offices in China and Russia. “

Several other analysts have also commented on GLT. ValuEngine raised shares of P H Glatfelter from a hold rating to a buy rating in a research report on Monday, November 12th. DA Davidson lowered their price objective on shares of P H Glatfelter to $19.00 and set a buy rating on the stock in a research report on Wednesday, November 7th. Finally, Sidoti lifted their price objective on shares of P H Glatfelter from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday, October 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $24.00.

Shares of GLT traded up $0.10 during trading hours on Tuesday, reaching $11.87. 8,789 shares of the stock traded hands, compared to its average volume of 438,017. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.24 and a quick ratio of 1.73. P H Glatfelter has a 52 week low of $9.28 and a 52 week high of $23.85. The firm has a market capitalization of $499.55 million, a P/E ratio of 10.04, a PEG ratio of 3.54 and a beta of 1.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 3rd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, January 2nd. P H Glatfelter’s dividend payout ratio is 44.83%.

A number of hedge funds have recently made changes to their positions in GLT. Legal & General Group Plc increased its stake in shares of P H Glatfelter by 5.6% in the second quarter. Legal & General Group Plc now owns 92,616 shares of the basic materials company’s stock worth $1,809,000 after purchasing an additional 4,878 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of P H Glatfelter by 12.6% in the third quarter. Russell Investments Group Ltd. now owns 45,442 shares of the basic materials company’s stock worth $868,000 after purchasing an additional 5,083 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of P H Glatfelter in the third quarter worth about $111,000. US Bancorp DE increased its stake in shares of P H Glatfelter by 17,767.4% in the third quarter. US Bancorp DE now owns 7,683 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 7,640 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of P H Glatfelter by 5.4% in the second quarter. California Public Employees Retirement System now owns 151,758 shares of the basic materials company’s stock worth $2,973,000 after purchasing an additional 7,755 shares in the last quarter. 94.89% 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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