Victory Capital Management Inc. lifted its position in shares of P H Glatfelter Co (NYSE:GLT) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,435,214 shares of the basic materials company’s stock after acquiring an additional 55,089 shares during the quarter. Victory Capital Management Inc. owned 5.59% of P H Glatfelter worth $52,211,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake 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 worth $133,000 after acquiring an additional 638 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of P H Glatfelter during the 3rd quarter worth approximately $178,000. Crossmark Global Holdings Inc. purchased a new stake in shares of P H Glatfelter during the 3rd quarter worth approximately $298,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of P H Glatfelter by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,340 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 6,060 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of P H Glatfelter by 11.5% during the 2nd quarter. Voya Investment Management LLC now owns 20,495 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 2,116 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
P H Glatfelter Co (NYSE:GLT) traded up $0.44 during mid-day trading on Wednesday, reaching $20.49. The company had a trading volume of 165,919 shares, compared to its average volume of 177,754. P H Glatfelter Co has a 12-month low of $16.53 and a 12-month high of $24.20. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market cap of $858.65, a price-to-earnings ratio of 117.94, a P/E/G ratio of 2.94 and a beta of 1.38.
P H Glatfelter (NYSE:GLT) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $399.92 million for the quarter, compared to analyst estimates of $392.23 million. P H Glatfelter had a return on equity of 7.48% and a net margin of 0.50%. P H Glatfelter’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. analysts anticipate that P H Glatfelter Co will post 1.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd were issued a $0.13 dividend. The ex-dividend date was Tuesday, January 2nd. This represents a $0.52 annualized dividend and a yield of 2.54%. P H Glatfelter’s dividend payout ratio (DPR) is presently 305.88%.
A number of research firms recently issued reports on GLT. TheStreet raised P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Zacks Investment Research raised P H Glatfelter from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, January 26th. Finally, ValuEngine raised P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. P H Glatfelter currently has an average rating of “Hold” and a consensus target price of $21.58.
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P H Glatfelter Company Profile
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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