6 days Ago By ABMN Staff
Franklin Resources Inc. lowered its holdings in shares of Griffon Co. ( NYSE:GFF – Free Report ) by 16.
9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,687 shares of the conglomerate’s stock after selling 4,609 shares during the quarter. Franklin Resources Inc.
’s holdings in Griffon were worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Griffon by 4.
1% in the 3rd quarter. State Street Corp now owns 1,555,908 shares of the conglomerate’s stock worth $108,914,000 after purchasing an additional 61,210 shares in the last quarter. Barclays PLC grew its stake in shares of Griffon by 25.
1% during the 3rd quarter. Barclays PLC now owns 161,438 shares of the conglomerate’s stock valued at $11,300,000 after acquiring an additional 32,427 shares during the period. Geode Capital Management LLC increased its holdings in Griffon by 3.
6% in the 3rd quarter. Geode Capital Management LLC now owns 877,840 shares of the conglomerate’s stock worth $61,463,000 after acquiring an additional 30,264 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Griffon by 1.
1% during the third quarter. SkyView Investment Advisors LLC now owns 34,780 shares of the conglomerate’s stock valued at $2,435,000 after purchasing an additional 384 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its stake in shares of Griffon by 11.
1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 5,112 shares of the conglomerate’s stock worth $358,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 73.
22% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts have recently issued reports on GFF shares. Loop Capital upgraded shares of Griffon to a “strong-buy” rating in a research report on Friday, February 14th.
StockNews.com downgraded shares of Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Raymond James reaffirmed a “strong-buy” rating and issued a $95.
00 target price (up from $92.00) on shares of Griffon in a report on Thursday, February 6th. Stephens raised their price target on Griffon from $100.
00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Griffon in a research note on Tuesday, April 1st.
They issued a “buy” rating and a $91.00 price objective on the stock. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock.
Based on data from MarketBeat, Griffon presently has an average rating of “Buy” and a consensus price target of $97.20. Griffon Stock Performance Shares of Griffon stock opened at $70.
56 on Tuesday. The firm has a market cap of $3.39 billion, a PE ratio of 14.
40 and a beta of 1.26. The company has a quick ratio of 1.
34, a current ratio of 2.51 and a debt-to-equity ratio of 6.44.
Griffon Co. has a 52 week low of $55.01 and a 52 week high of $86.
73. The business’s fifty day simple moving average is $72.24 and its 200-day simple moving average is $72.
95. Griffon ( NYSE:GFF – Get Free Report ) last released its earnings results on Wednesday, February 5th. The conglomerate reported $1.
39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11.
Griffon had a net margin of 9.13% and a return on equity of 120.61%.
Equities analysts forecast that Griffon Co. will post 5.55 earnings per share for the current year.
Griffon Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were issued a dividend of $0.18 per share.
This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.02%.
The ex-dividend date of this dividend was Tuesday, February 25th. Griffon’s dividend payout ratio is currently 14.69%.
Insider Activity at Griffon In related news, Director Cheryl L. Turnbull sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $80.
80, for a total value of $242,400.00. Following the sale, the director now directly owns 30,730 shares in the company, valued at $2,482,984.
The trade was a 8.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
10.20% of the stock is currently owned by insiders. Griffon Profile ( Free Report ) Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.
The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications. Featured Articles Receive News & Ratings for Griffon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon and related companies with MarketBeat.
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