Capstone Investment Advisors LLC Makes New Investment in Griffon Co. (NYSE:GFF)

Capstone Investment Advisors LLC acquired a new stake in shares of Griffon Co. (NYSE:GFFFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,474 shares of the conglomerate’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Griffon during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust increased its position in shares of Griffon by 671.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 640 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 557 shares during the period. Russell Investments Group Ltd. increased its position in shares of Griffon by 11.2% during the fourth quarter. Russell Investments Group Ltd. now owns 3,336 shares of the conglomerate’s stock valued at $203,000 after purchasing an additional 336 shares during the period. SG Americas Securities LLC bought a new stake in shares of Griffon during the fourth quarter valued at approximately $214,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Griffon during the fourth quarter valued at approximately $229,000. 73.22% of the stock is currently owned by institutional investors.

Griffon Price Performance

Griffon stock opened at $67.74 on Tuesday. The company has a debt-to-equity ratio of 7.80, a quick ratio of 1.56 and a current ratio of 2.78. The firm has a market cap of $3.36 billion, a P/E ratio of 17.87 and a beta of 1.33. The business’s fifty day moving average is $68.88 and its two-hundred day moving average is $63.55. Griffon Co. has a 52 week low of $33.36 and a 52 week high of $77.99.

Griffon (NYSE:GFFGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The conglomerate reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.51. The company had revenue of $672.88 million for the quarter, compared to analyst estimates of $625.22 million. Griffon had a return on equity of 90.02% and a net margin of 7.48%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Equities research analysts forecast that Griffon Co. will post 4.8 earnings per share for the current fiscal year.

Griffon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, May 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, May 29th. Griffon’s dividend payout ratio is currently 15.83%.

Analysts Set New Price Targets

Several analysts recently commented on GFF shares. Robert W. Baird boosted their price target on Griffon from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Raymond James boosted their price target on Griffon from $60.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Monday, February 5th. Finally, StockNews.com raised Griffon from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of $81.00.

Check Out Our Latest Report on Griffon

Griffon Company 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.

Recommended Stories

Institutional Ownership by Quarter for Griffon (NYSE:GFF)

Receive News & Ratings for Griffon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon and related companies with MarketBeat.com's FREE daily email newsletter.