Griffon Co. (NYSE:GFF) Shares Sold by Voss Capital LP

Voss Capital LP trimmed its position in shares of Griffon Co. (NYSE:GFF - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,205,000 shares of the conglomerate's stock after selling 70,000 shares during the quarter. Griffon makes up about 6.4% of Voss Capital LP's investment portfolio, making the stock its 3rd largest holding. Voss Capital LP owned approximately 2.54% of Griffon worth $85,880,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GFF. New Age Alpha Advisors LLC acquired a new stake in Griffon in the 4th quarter worth approximately $30,000. Grove Bank & Trust bought a new stake in shares of Griffon during the 4th quarter worth $33,000. R Squared Ltd acquired a new position in Griffon in the 4th quarter valued at $37,000. Headlands Technologies LLC bought a new position in Griffon in the 4th quarter worth $64,000. Finally, Smartleaf Asset Management LLC lifted its position in Griffon by 343.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate's stock worth $78,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 73.22% of the company's stock.

Griffon Stock Performance

Shares of NYSE:GFF traded up $1.22 during trading on Thursday, hitting $67.10. 594,755 shares of the stock were exchanged, compared to its average volume of 442,176. The company's fifty day simple moving average is $70.48 and its 200-day simple moving average is $72.81. 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 $3.22 billion, a price-to-earnings ratio of 13.69 and a beta of 1.26. Griffon Co. has a 1-year low of $55.01 and a 1-year high of $86.73.

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

Griffon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, February 25th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 25th. Griffon's dividend payout ratio (DPR) is 14.69%.

Insider Buying and Selling at Griffon

In other news, Director Cheryl L. Turnbull sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total transaction of $242,400.00. Following the completion of the sale, the director now owns 30,730 shares of the company's stock, valued at approximately $2,482,984. This trade represents a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.