GAMMA Investing LLC Sells 719 Shares of Griffon Corporation $GFF

GAMMA Investing LLC lessened its stake in shares of Griffon Corporation (NYSE:GFF) by 26.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,999 shares of the conglomerate’s stock after selling 719 shares during the period. GAMMA Investing LLC’s holdings in Griffon were worth $145,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its holdings in Griffon by 72.9% during the first quarter. Signaturefd LLC now owns 555 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 234 shares in the last quarter. Brooklyn Investment Group raised its stake in Griffon by 11,460.0% in the first quarter. Brooklyn Investment Group now owns 578 shares of the conglomerate’s stock valued at $41,000 after buying an additional 573 shares during the period. NewEdge Advisors LLC bought a new stake in Griffon in the first quarter valued at approximately $49,000. Strs Ohio bought a new stake in Griffon in the first quarter valued at approximately $57,000. Finally, CWM LLC raised its stake in Griffon by 26.1% in the first quarter. CWM LLC now owns 2,000 shares of the conglomerate’s stock valued at $143,000 after buying an additional 414 shares during the period. Institutional investors own 73.22% of the company’s stock.

Analyst Ratings Changes

GFF has been the topic of several research analyst reports. Wall Street Zen lowered Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird upped their price objective on Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $98.20.

Griffon Trading Down 0.1%

Shares of NYSE:GFF opened at $75.53 on Tuesday. The company has a market capitalization of $3.52 billion, a P/E ratio of 56.37, a P/E/G ratio of 1.15 and a beta of 1.15. Griffon Corporation has a 1 year low of $62.26 and a 1 year high of $86.73. The company has a debt-to-equity ratio of 22.58, a current ratio of 2.70 and a quick ratio of 1.38. The business’s 50 day simple moving average is $76.99 and its 200 day simple moving average is $73.16.

Griffon (NYSE:GFF) last issued its quarterly earnings results on Wednesday, August 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. The business had revenue of $613.63 million for the quarter, compared to the consensus estimate of $649.95 million. Griffon had a return on equity of 144.21% and a net margin of 2.78%.The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. On average, research analysts anticipate that Griffon Corporation will post 5.55 EPS for the current fiscal year.

Griffon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 29th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 29th. Griffon’s dividend payout ratio (DPR) is currently 53.73%.

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.