Griffon Co. (NYSE:GFF) SVP Seth L. Kaplan Sells 4,844 Shares of Stock

Griffon Co. (NYSE:GFF) SVP Seth L. Kaplan sold 4,844 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.00, for a total transaction of $339,080.00. Following the sale, the senior vice president now directly owns 198,571 shares of the company’s stock, valued at $13,899,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Griffon Trading Down 3.0 %

Shares of NYSE GFF opened at $67.88 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.50 and a debt-to-equity ratio of 6.71. Griffon Co. has a twelve month low of $38.33 and a twelve month high of $77.99. The company’s fifty day moving average is $66.34 and its 200-day moving average is $67.35. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 17.91 and a beta of 1.29.

Griffon (NYSE:GFF) last posted its earnings results on Wednesday, August 7th. The conglomerate reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The business had revenue of $647.80 million during the quarter, compared to analyst estimates of $688.94 million. Griffon had a net margin of 7.27% and a return on equity of 96.05%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Equities research analysts predict that Griffon Co. will post 4.87 EPS for the current year.

Griffon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.60 annualized dividend and a yield of 0.88%. Griffon’s dividend payout ratio (DPR) is currently 15.83%.

Analyst Ratings Changes

A number of research firms have commented on GFF. Robert W. Baird lowered their target price on shares of Griffon from $86.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. StockNews.com downgraded Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Stephens restated an “overweight” rating and set a $85.00 target price on shares of Griffon in a report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Griffon presently has an average rating of “Buy” and a consensus price target of $81.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GFF. Point72 Asset Management L.P. increased its position in shares of Griffon by 6.6% during the second quarter. Point72 Asset Management L.P. now owns 270,805 shares of the conglomerate’s stock worth $17,294,000 after acquiring an additional 16,740 shares in the last quarter. Quarry LP increased its holdings in Griffon by 98.7% during the 2nd quarter. Quarry LP now owns 777 shares of the conglomerate’s stock worth $50,000 after purchasing an additional 386 shares in the last quarter. Algert Global LLC raised its stake in shares of Griffon by 94.3% in the 2nd quarter. Algert Global LLC now owns 128,870 shares of the conglomerate’s stock valued at $8,230,000 after purchasing an additional 62,559 shares during the period. Barington Capital Group L.P. lifted its holdings in shares of Griffon by 50.0% in the second quarter. Barington Capital Group L.P. now owns 30,000 shares of the conglomerate’s stock valued at $1,916,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Caxton Associates LP boosted its position in shares of Griffon by 14.0% during the second quarter. Caxton Associates LP now owns 36,687 shares of the conglomerate’s stock worth $2,343,000 after buying an additional 4,498 shares during the period. Institutional investors own 73.22% of the company’s stock.

Griffon Company Profile

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.