Capital Fund Management S.A. Acquires New Position in Griffon Co. (NYSE:GFF)

Capital Fund Management S.A. acquired a new position in Griffon Co. (NYSE:GFF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,287 shares of the conglomerate's stock, valued at approximately $1,232,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Griffon by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,375,843 shares of the conglomerate's stock valued at $454,406,000 after purchasing an additional 177,771 shares during the period. Invesco Ltd. raised its stake in Griffon by 36.0% in the fourth quarter. Invesco Ltd. now owns 892,124 shares of the conglomerate's stock worth $63,582,000 after buying an additional 236,179 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Griffon by 3.6% in the third quarter. Geode Capital Management LLC now owns 877,840 shares of the conglomerate's stock worth $61,463,000 after buying an additional 30,264 shares during the period. Renaissance Technologies LLC boosted its position in Griffon by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 700,351 shares of the conglomerate's stock valued at $49,914,000 after acquiring an additional 93,100 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Griffon during the 4th quarter worth approximately $43,325,000. 73.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Griffon news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total value of $242,400.00. Following the completion of the transaction, the director now owns 30,730 shares of the company's stock, valued at approximately $2,482,984. The trade was a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.20% of the stock is owned by corporate insiders.

Griffon Stock Down 0.2 %

NYSE:GFF traded down $0.15 during trading hours on Friday, reaching $68.16. The company's stock had a trading volume of 565,408 shares, compared to its average volume of 437,525. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. The company has a market capitalization of $3.28 billion, a P/E ratio of 13.91 and a beta of 1.26. Griffon Co. has a 12 month low of $55.01 and a 12 month high of $86.73. The stock has a 50 day moving average price of $71.38 and a two-hundred day moving average price of $72.88.

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

Griffon Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.06%. Griffon's dividend payout ratio (DPR) is presently 14.69%.

Wall Street Analysts Forecast Growth

GFF has been the topic of several research reports. StockNews.com lowered shares of Griffon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Griffon in a research report on Tuesday, April 1st. They issued a "buy" rating and a $91.00 price target on the stock. Loop Capital upgraded shares of Griffon to a "strong-buy" rating in a research note on Friday, February 14th. Raymond James reissued a "strong-buy" rating and set a $95.00 price objective (up previously from $92.00) on shares of Griffon in a report on Thursday, February 6th. Finally, Stephens increased their price target on Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $97.20.

About Griffon

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.