Arizona State Retirement System cut its holdings in shares of Griffon Co. (NYSE:GFF – Free Report) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,047 shares of the conglomerate’s stock after selling 353 shares during the period. Arizona State Retirement System’s holdings in Griffon were worth $485,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GFF. Pacer Advisors Inc. purchased a new stake in Griffon during the second quarter valued at approximately $38,441,000. Norges Bank purchased a new stake in Griffon during the fourth quarter valued at approximately $14,521,000. Vanguard Group Inc. lifted its position in Griffon by 7.4% during the first quarter. Vanguard Group Inc. now owns 5,656,744 shares of the conglomerate’s stock valued at $113,304,000 after acquiring an additional 388,996 shares during the last quarter. Voss Capital LLC lifted its position in Griffon by 11.7% during the first quarter. Voss Capital LLC now owns 3,233,852 shares of the conglomerate’s stock valued at $103,516,000 after acquiring an additional 338,726 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Griffon by 185.3% during the fourth quarter. Marshall Wace LLP now owns 369,702 shares of the conglomerate’s stock valued at $13,232,000 after acquiring an additional 240,137 shares during the last quarter. 73.88% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on GFF shares. StockNews.com cut shares of Griffon from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Griffon in a research report on Friday, October 27th. They set a “buy” rating and a $65.00 target price for the company.
Griffon Trading Up 2.0 %
NYSE GFF opened at $42.50 on Monday. The company has a fifty day simple moving average of $40.07 and a two-hundred day simple moving average of $38.00. The stock has a market cap of $2.32 billion, a P/E ratio of -5.75, a P/E/G ratio of 1.24 and a beta of 1.51. Griffon Co. has a 12-month low of $25.97 and a 12-month high of $43.90. The company has a current ratio of 2.96, a quick ratio of 1.51 and a debt-to-equity ratio of 4.58.
Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools, as well as cleaning products for professional, home, and industrial use.
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