Deutsche Bank Aktiengesellschaft Begins Coverage on Griffon (NYSE:GFF)

Research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Griffon (NYSE:GFF - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $91.00 price target on the conglomerate's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 33.43% from the company's current price.

Several other research firms also recently weighed in on GFF. Stephens upped their price objective on shares of Griffon from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Loop Capital upgraded shares of Griffon to a "strong-buy" rating in a report on Friday, February 14th. StockNews.com cut Griffon from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $95.00 price target (up from $92.00) on shares of Griffon in a research note 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 stock. According to data from MarketBeat.com, Griffon has a consensus rating of "Buy" and a consensus price target of $97.20.

Griffon Stock Performance

NYSE GFF traded down $1.46 during trading hours on Tuesday, hitting $68.20. The company had a trading volume of 617,839 shares, compared to its average volume of 429,583. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 6.44. The business has a fifty day simple moving average of $73.45 and a 200-day simple moving average of $72.92. The firm has a market cap of $3.28 billion, a P/E ratio of 13.92 and a beta of 1.26. Griffon has a fifty-two week low of $55.01 and a fifty-two week high of $86.73.

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Griffon (NYSE:GFF - Get Free Report) last released its quarterly earnings results 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 return on equity of 120.61% and a net margin of 9.13%. Equities analysts predict that Griffon will post 5.55 EPS for the current year.

Insider Transactions at Griffon

In related news, Director Cheryl L. Turnbull sold 3,000 shares of the stock in a transaction on Thursday, February 6th. The stock was 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 in the company, valued at $2,482,984. This trade represents a 8.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company's stock.

Institutional Trading of Griffon

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Griffon by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,375,843 shares of the conglomerate's stock valued at $454,406,000 after acquiring an additional 177,771 shares during the period. State Street Corp raised its stake in Griffon by 4.1% during 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 period. Invesco Ltd. lifted its holdings in shares of Griffon by 36.0% in the fourth quarter. Invesco Ltd. now owns 892,124 shares of the conglomerate's stock valued at $63,582,000 after purchasing an additional 236,179 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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. Finally, Renaissance Technologies LLC grew its holdings in shares of Griffon by 15.3% during the fourth quarter. Renaissance Technologies LLC now owns 700,351 shares of the conglomerate's stock valued at $49,914,000 after buying an additional 93,100 shares in the last quarter. 73.22% of the stock is owned by hedge funds and other institutional investors.

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.