XTX Topco Ltd Purchases Shares of 9,885 Griffon Co. (NYSE:GFF)

XTX Topco Ltd acquired a new position in shares of Griffon Co. (NYSE:GFF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,885 shares of the conglomerate's stock, valued at approximately $705,000.

Several other hedge funds also recently modified their holdings of GFF. Summit Investment Advisors Inc. grew its stake in shares of Griffon by 4.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,934 shares of the conglomerate's stock valued at $280,000 after purchasing an additional 154 shares during the last quarter. Optimist Retirement Group LLC grew its stake in shares of Griffon by 5.3% during the fourth quarter. Optimist Retirement Group LLC now owns 3,592 shares of the conglomerate's stock valued at $256,000 after purchasing an additional 181 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Griffon by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,977 shares of the conglomerate's stock valued at $355,000 after purchasing an additional 198 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Griffon by 5.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,701 shares of the conglomerate's stock valued at $406,000 after purchasing an additional 319 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Griffon by 6.0% during the fourth quarter. Bank of Montreal Can now owns 5,720 shares of the conglomerate's stock valued at $408,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 73.22% of the company's stock.

Insider Buying and Selling

In related news, Director Cheryl L. Turnbull sold 3,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 30,730 shares in the company, valued at $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 SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by company insiders.

Griffon Trading Up 1.9 %

Shares of NYSE GFF traded up $1.25 during midday trading on Wednesday, reaching $67.28. 163,279 shares of the stock were exchanged, compared to its average volume of 391,825. The business has a 50-day simple moving average of $70.91 and a two-hundred day simple moving average of $72.87. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.73 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 company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.34.

Griffon (NYSE:GFF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Griffon Co. will post 5.55 EPS for the current year.

Griffon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. Griffon's payout ratio is 14.69%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Griffon in a research note on Tuesday, April 1st. They set a "buy" rating and a $91.00 price target on the stock. StockNews.com cut shares of Griffon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Stephens raised their price objective on shares of Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Loop Capital raised shares of Griffon to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $95.00 price objective (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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.