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NYSE:GFF

Griffon (GFF) Stock Price, News & Analysis

Griffon logo
$73.45 +0.83 (+1.14%)
(As of 12/24/2024 05:19 PM ET)

About Griffon Stock (NYSE:GFF)

Key Stats

Today's Range
$72.73
$73.46
50-Day Range
$62.84
$85.22
52-Week Range
$55.01
$86.73
Volume
183,104 shs
Average Volume
434,259 shs
Market Capitalization
$3.51 billion
P/E Ratio
17.36
Dividend Yield
0.98%
Price Target
$89.25
Consensus Rating
Buy

Company Overview

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. The segment also sells related products, such as garage door openers. The Consumer and Professional Products segment manufactures and markets long-handled engineered tools, including spades, hoes, cultivators, weeders, post hole diggers, scrapers, edgers and forks; wheelbarrows and lawn carts; snow tools comprising pushers, roof rakes, sled sleigh shovels, scoops, and ice scrapers; and pruning products, such as pruners, loppers, shears, and other tools. The segment also offers striking tools, including axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars, and repair handles; traditional and gardening hand tools comprising hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps, trowels, cultivators, weeders, and other hand tools; indoor and outdoor planters and lawn accessories; and garden hoses and hose reels. In addition, the segment provides home organization products, including wire and wood shelving, containers, storage cabinets, and other closet and home organization accessories; residential, industrial, and commercial fans; and cleaning products, such as brooms, brushes, squeegees, and other cleaning products. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1774 and is headquartered in New York, New York.

Griffon Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

GFF MarketRank™: 

Griffon scored higher than 93% of companies evaluated by MarketBeat, and ranked 5th out of 25 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Griffon has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Griffon has only been the subject of 2 research reports in the past 90 days.

  • Read more about Griffon's stock forecast and price target.
  • Earnings Growth

    Earnings for Griffon are expected to grow by 15.97% in the coming year, from $5.51 to $6.39 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Griffon is 17.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Griffon is 17.36, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 12.05.

  • Price to Book Value per Share Ratio

    Griffon has a P/B Ratio of 16.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Griffon's valuation and earnings.
  • Percentage of Shares Shorted

    5.52% of the float of Griffon has been sold short.
  • Short Interest Ratio / Days to Cover

    Griffon has a short interest ratio ("days to cover") of 5.1.
  • Change versus previous month

    Short interest in Griffon has recently decreased by 4.31%, indicating that investor sentiment is improving.
  • Dividend Yield

    Griffon has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Griffon has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Griffon is 17.02%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Griffon will have a dividend payout ratio of 11.27% next year. This indicates that Griffon will be able to sustain or increase its dividend.

  • Read more about Griffon's dividend.
  • Percentage of Shares Shorted

    5.52% of the float of Griffon has been sold short.
  • Short Interest Ratio / Days to Cover

    Griffon has a short interest ratio ("days to cover") of 5.1.
  • Change versus previous month

    Short interest in Griffon has recently decreased by 4.31%, indicating that investor sentiment is improving.
  • News Sentiment

    Griffon has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Griffon this week, compared to 6 articles on an average week.
  • Search Interest

    Only 2 people have searched for GFF on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Griffon to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Griffon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $29,133,035.00 in company stock.

  • Percentage Held by Insiders

    16.10% of the stock of Griffon is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    73.22% of the stock of Griffon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Griffon's insider trading history.
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GFF Stock News Headlines

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GFF Stock Analysis - Frequently Asked Questions

Griffon's stock was trading at $60.95 at the beginning of the year. Since then, GFF shares have increased by 20.5% and is now trading at $73.45.
View the best growth stocks for 2024 here
.

Griffon Co. (NYSE:GFF) issued its quarterly earnings data on Wednesday, November, 13th. The conglomerate reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.29. The company's quarterly revenue was up 2.9% compared to the same quarter last year.

Griffon's board authorized a stock repurchase program on Wednesday, November 13th 2024, which authorizes the company to repurchase $400,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

The following companies are subsidiaries of Griffon: Hunter Fan Company, Quatro, Apta, CornellCookson, Kelkay, Harper Brush Works Inc, Tuscan Path, and others.

Top institutional shareholders of Griffon include State Street Corp (3.16%), Geode Capital Management LLC (1.78%), Allspring Global Investments Holdings LLC (1.14%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include Ronald J Kramer, Robert F Mehmel, Brian G Harris, Seth L Kaplan, W Christopher Durborow, Kevin F Sullivan, Victor Eugene Renuart and James W Sight.
View institutional ownership trends
.

Shares of GFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Griffon investors own include NVIDIA (NVDA), Meta Platforms (META), Humana (HUM), Broadcom (AVGO), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

Last Earnings
11/13/2024
Ex-Dividend for 12/18 Dividend
11/25/2024
Dividend Payable
12/18/2024
Today
12/24/2024
Next Earnings (Confirmed)
12/31/2024
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Metal doors, sash, & trim
Sub-Industry
Building Products
CUSIP
39843310
Employees
5,300
Year Founded
1959

Price Target and Rating

Average Stock Price Target
$89.25
High Stock Price Target
$100.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+21.5%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$209.90 million
Pretax Margin
11.31%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$5.96 per share
Book Value
$4.57 per share

Miscellaneous

Free Float
40,123,000
Market Cap
$3.51 billion
Optionable
Optionable
Beta
1.39

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This page (NYSE:GFF) was last updated on 12/25/2024 by MarketBeat.com Staff
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