2 weeks Ago By ABMN Staff
Natixis Advisors LLC raised its holdings in shares of Griffon Co. ( NYSE:GFF – Free Report ) by 6.1% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 19,664 shares of the conglomerate’s stock after purchasing an additional 1,136 shares during the quarter. Natixis Advisors LLC’s holdings in Griffon were worth $1,401,000 at the end of the most recent reporting period. Other hedge funds have also modified their holdings of the company.
Raymond James Financial Inc. purchased a new stake in shares of Griffon during the fourth quarter worth $43,325,000. Point72 Asset Management L.
P. raised its stake in Griffon by 74.8% during the 3rd quarter.
Point72 Asset Management L.P. now owns 473,490 shares of the conglomerate’s stock valued at $33,144,000 after purchasing an additional 202,685 shares during the last quarter.
abrdn plc bought a new stake in shares of Griffon in the 4th quarter worth approximately $12,842,000. Wilmington Savings Fund Society FSB bought a new position in shares of Griffon during the 3rd quarter worth about $9,800,000. Finally, Jane Street Group LLC lifted its position in shares of Griffon by 21.
4% during the 3rd quarter. Jane Street Group LLC now owns 348,907 shares of the conglomerate’s stock worth $24,423,000 after buying an additional 61,399 shares during the period. 73.
22% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several analysts have weighed in on the stock. Loop Capital raised shares of Griffon to a “strong-buy” rating in a research note on Friday, February 14th.
StockNews.com cut Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Stephens raised their price target on Griffon from $100.
00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Raymond James restated a “strong-buy” rating and set a $95.
00 price objective (up previously from $92.00) on shares of Griffon in a report on Thursday, February 6th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company.
According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $98.75.
Griffon Stock Performance Shares of NYSE GFF opened at $74.32 on Wednesday. Griffon Co.
has a one year low of $55.01 and a one year high of $86.73.
The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.
34. The stock’s fifty day moving average price is $74.32 and its two-hundred day moving average price is $72.
63. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 15.
17 and a beta of 1.40. Griffon ( NYSE:GFF – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 5th.
The conglomerate reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.
11. Griffon had a net margin of 9.13% and a return on equity of 120.
61%. On average, equities analysts forecast that Griffon Co. will post 5.
55 EPS for the current year. Griffon Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were paid a dividend of $0.
18 per share. This represents a $0.72 annualized dividend and a yield of 0.
97%. The ex-dividend date of this dividend was Tuesday, February 25th. Griffon’s dividend payout ratio is presently 14.
69%. Insider Activity at Griffon In other news, Director Cheryl L. Turnbull sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th.
The stock was sold at an average price of $80.80, for a total value of $242,400.00.
Following the transaction, the director now owns 30,730 shares in the company, valued at $2,482,984. The trade was a 8.89 % decrease in their position.
The sale 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 corporate 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.
Read More Want to see what other hedge funds are holding GFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Griffon Co. ( NYSE:GFF – Free Report ).
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