2 weeks Ago By Defense World Staff
Natixis Advisors LLC raised its position in Griffon Co. (NYSE:GFF – Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm 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 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the company.
State Street Corp lifted its holdings 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 buying an additional 61,210 shares during the period.
Geode Capital Management LLC raised its stake in shares of Griffon by 3.6% during 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.
Raymond James Financial Inc. purchased a new stake in shares of Griffon during the 4th quarter valued at $43,325,000. Charles Schwab Investment Management Inc.
increased its holdings in shares of Griffon by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 538,200 shares of the conglomerate’s stock valued at $38,358,000 after acquiring an additional 18,274 shares in the last quarter. Finally, Point72 Asset Management L.P.
grew its holdings in shares of Griffon by 74.8% during the third quarter. Point72 Asset Management L.
P. now owns 473,490 shares of the conglomerate’s stock valued at $33,144,000 after buying an additional 202,685 shares during the last quarter. Institutional investors own 73.
22% of the company’s stock. Griffon Stock PerformanceShares of Griffon stock opened at $74.32 on Wednesday.
The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.
34. Griffon Co. has a 12 month low of $55.
01 and a 12 month high of $86.73. The stock has a market capitalization of $3.
57 billion, a price-to-earnings ratio of 15.17 and a beta of 1.40.
The business has a 50-day moving average of $74.32 and a 200 day moving average of $72.63.
Griffon (NYSE:GFF – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share (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%. As a group, sell-side analysts forecast that Griffon Co.
will post 5.55 earnings per share for the current year. Griffon Announces DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th.
Investors of record on Tuesday, February 25th were given a $0.18 dividend. The ex-dividend date was Tuesday, February 25th.
This represents a $0.72 annualized dividend and a dividend yield of 0.97%.
Griffon’s dividend payout ratio is presently 14.69%. Insider ActivityIn other news, Director Cheryl L.
Turnbull sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 30,730 shares in the company, valued at $2,482,984. This trade represents a 8.
89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.
20% of the company’s stock. Wall Street Analysts Forecast GrowthA number of research firms have recently weighed in on GFF. Raymond James reissued a “strong-buy” rating and set a $95.
00 target price (up previously from $92.00) on shares of Griffon in a report on Thursday, February 6th. Loop Capital upgraded Griffon to a “strong-buy” rating in a research note on Friday, February 14th.
StockNews.com downgraded Griffon from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Finally, Stephens lifted their price target on Griffon from $100.
00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, Griffon presently has a consensus rating of “Buy” and a consensus target price of $98.75.
Check Out Our Latest Research Report on GriffonGriffon 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.
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