Segall Bryant & Hamill LLC raised its holdings in Griffon Co. (NYSE:GFF - Free Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 247,892 shares of the conglomerate's stock after acquiring an additional 18,395 shares during the period. Segall Bryant & Hamill LLC owned 0.52% of Griffon worth $17,667,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in Griffon by 33.9% in the third 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 grew its holdings in 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 buying an additional 6,125 shares during the period. State Street Corp increased its stake in shares of 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 acquiring an additional 61,210 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Griffon by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,200 shares of the conglomerate's stock worth $38,358,000 after acquiring an additional 18,274 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Griffon by 21.4% in the third quarter. Jane Street Group LLC now owns 348,907 shares of the conglomerate's stock worth $24,423,000 after acquiring an additional 61,399 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company's stock.
Insiders Place Their Bets
In other Griffon news, Director Cheryl L. Turnbull sold 3,000 shares of the business's 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 transaction, the director now owns 30,730 shares in the company, valued at $2,482,984. The trade was a 8.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.20% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on GFF shares. StockNews.com lowered shares of Griffon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Loop Capital upgraded Griffon to a "strong-buy" rating in a report on Friday, February 14th. Raymond James reiterated 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. Finally, Stephens upped their price target on Griffon from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Griffon has a consensus rating of "Buy" and an average price target of $98.75.
View Our Latest Analysis on GFF
Griffon Trading Down 2.0 %
Shares of Griffon stock traded down $1.43 during trading hours on Friday, hitting $70.53. The company's stock had a trading volume of 280,621 shares, compared to its average volume of 425,880. 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 company has a market capitalization of $3.39 billion, a PE ratio of 14.39 and a beta of 1.40. The business has a fifty day moving average of $74.07 and a 200 day moving average of $72.83. 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 quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Griffon Co. will post 5.55 EPS for the current year.
Griffon Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, February 25th. Griffon's dividend payout ratio (DPR) is presently 14.69%.
Griffon Profile
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Free Report)
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.
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