Griffon Co. (NYSE:GFF) Shares Bought by Amundi

Amundi boosted its stake in shares of Griffon Co. (NYSE:GFF - Free Report) by 178.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,009 shares of the conglomerate's stock after buying an additional 12,811 shares during the period. Amundi's holdings in Griffon were worth $1,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Griffon by 33.9% in the 3rd quarter. FMR LLC now owns 76,213 shares of the conglomerate's stock valued at $5,335,000 after purchasing an additional 19,291 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in shares of Griffon by 35.1% in the 4th quarter. Arcadia Investment Management Corp MI now owns 23,551 shares of the conglomerate's stock valued at $1,678,000 after purchasing an additional 6,125 shares during the last quarter. State Street Corp lifted its stake in shares of Griffon by 4.1% in the 3rd quarter. State Street Corp now owns 1,555,908 shares of the conglomerate's stock valued at $108,914,000 after purchasing an additional 61,210 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Griffon by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,200 shares of the conglomerate's stock valued at $38,358,000 after purchasing an additional 18,274 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Griffon by 21.4% in the 3rd quarter. Jane Street Group LLC now owns 348,907 shares of the conglomerate's stock valued at $24,423,000 after purchasing an additional 61,399 shares during the last quarter. Institutional investors and hedge funds own 73.22% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on GFF shares. Raymond James reaffirmed a "strong-buy" rating and issued a $95.00 price target (up previously from $92.00) on shares of Griffon in a research note on Thursday, February 6th. Stephens boosted their price objective on Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Loop Capital upgraded Griffon to a "strong-buy" rating in a report on Friday, February 14th. Finally, StockNews.com downgraded Griffon from a "strong-buy" rating to a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Griffon currently has an average rating of "Buy" and an average price target of $98.75.

Griffon Stock Down 0.8 %

NYSE GFF traded down $0.57 during trading hours on Friday, hitting $70.94. 1,231,301 shares of the company were exchanged, compared to its average volume of 400,643. The company has a 50 day moving average of $74.27 and a two-hundred day moving average of $72.34. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 6.44. Griffon Co. has a 52-week low of $55.01 and a 52-week high of $86.73. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 14.48 and a beta of 1.40.

Griffon (NYSE:GFF - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.11. Griffon had a return on equity of 120.61% and a net margin of 9.13%. Equities research analysts anticipate that Griffon Co. will post 5.55 earnings per share for the current year.

Griffon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, February 25th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.01%. Griffon's payout ratio is currently 14.69%.

Insider Activity

In other news, Director Cheryl L. Turnbull sold 3,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $80.80, for a total value of $242,400.00. Following the transaction, the director now owns 30,730 shares in the company, valued at approximately $2,482,984. This represents a 8.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.20% of the company's stock.

Griffon 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.