7,167 Shares in Griffon Co. (NYSE:GFF) Purchased by Creative Planning

Creative Planning bought a new position in shares of Griffon Co. (NYSE:GFF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,167 shares of the conglomerate’s stock, valued at approximately $502,000.

A number of other large investors also recently bought and sold shares of the stock. Inspire Investing LLC raised its stake in shares of Griffon by 228.8% during the 3rd quarter. Inspire Investing LLC now owns 18,184 shares of the conglomerate’s stock worth $1,273,000 after buying an additional 12,653 shares during the period. Ritholtz Wealth Management grew its holdings in Griffon by 5.0% in the 3rd quarter. Ritholtz Wealth Management now owns 3,913 shares of the conglomerate’s stock valued at $274,000 after buying an additional 187 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Griffon by 22.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,109 shares of the conglomerate’s stock valued at $3,437,000 after buying an additional 9,000 shares in the last quarter. CWM LLC lifted its stake in shares of Griffon by 1,024.8% in the 3rd quarter. CWM LLC now owns 1,136 shares of the conglomerate’s stock valued at $80,000 after purchasing an additional 1,035 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Griffon by 56.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,133 shares of the conglomerate’s stock valued at $79,000 after purchasing an additional 411 shares during the last quarter. 73.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Griffon

In other news, CFO Brian G. Harris sold 13,314 shares of Griffon stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.10, for a total transaction of $880,055.40. Following the transaction, the chief financial officer now directly owns 199,748 shares in the company, valued at approximately $13,203,342.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Brian G. Harris sold 13,314 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $66.10, for a total value of $880,055.40. Following the completion of the sale, the chief financial officer now owns 199,748 shares of the company’s stock, valued at $13,203,342.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ronald J. Kramer sold 100,000 shares of Griffon stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.26, for a total value of $6,226,000.00. Following the sale, the chief executive officer now directly owns 2,260,746 shares of the company’s stock, valued at approximately $140,754,045.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 260,464 shares of company stock worth $17,244,450. 16.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on GFF shares. Stephens reissued an “overweight” rating and set a $85.00 target price on shares of Griffon in a research note on Tuesday, September 10th. Robert W. Baird increased their price objective on Griffon from $84.00 to $92.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, StockNews.com downgraded Griffon from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $83.50.

Griffon Stock Performance

Shares of NYSE:GFF opened at $64.69 on Wednesday. The company has a debt-to-equity ratio of 6.71, a current ratio of 2.50 and a quick ratio of 1.39. Griffon Co. has a 12 month low of $41.78 and a 12 month high of $77.99. The firm has a market capitalization of $3.19 billion, a PE ratio of 17.35 and a beta of 1.31. The business has a 50-day moving average of $66.37 and a two-hundred day moving average of $66.59.

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

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.