WINTON GROUP Ltd Invests $4.85 Million in Griffon Co. (NYSE:GFF)

WINTON GROUP Ltd acquired a new stake in shares of Griffon Co. (NYSE:GFF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 68,015 shares of the conglomerate's stock, valued at approximately $4,847,000. WINTON GROUP Ltd owned 0.14% of Griffon as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Segall Bryant & Hamill LLC raised its position in shares of Griffon by 8.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 247,892 shares of the conglomerate's stock worth $17,667,000 after acquiring an additional 18,395 shares in the last quarter. Vanguard Group Inc. grew its stake in Griffon by 2.9% in the fourth 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 last quarter. Fox Run Management L.L.C. bought a new position in Griffon in the fourth quarter worth about $346,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Griffon during the fourth quarter valued at about $584,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Griffon by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 56,520 shares of the conglomerate's stock valued at $4,028,000 after buying an additional 400 shares in the last quarter. Institutional investors own 73.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GFF. StockNews.com cut shares of Griffon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Stephens increased 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. Raymond James reissued a "strong-buy" rating and issued a $95.00 price objective (up previously from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Finally, Loop Capital upgraded Griffon to a "strong-buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $98.75.

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Insider Buying and Selling

In related news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $80.80, for a total transaction of $242,400.00. Following the completion of the transaction, the director now directly owns 30,730 shares in the company, valued at approximately $2,482,984. This trade represents a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Griffon Stock Performance

Shares of GFF traded down $0.24 during trading hours on Monday, reaching $70.24. 79,722 shares of the company traded hands, compared to its average volume of 360,254. 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 moving average price of $74.07 and a 200-day moving average price of $72.83. Griffon Co. has a 12-month low of $55.01 and a 12-month high of $86.73. The stock has a market capitalization of $3.38 billion, a P/E ratio of 14.36 and a beta of 1.40.

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 return on equity of 120.61% and a net margin of 9.13%. Equities analysts anticipate that Griffon Co. will post 5.55 EPS for the current fiscal 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 paid 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 1.03%. Griffon's payout ratio is currently 14.69%.

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.