2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its holdings in Griffon Co. (NYSE:GFF – Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 5,720 shares of the conglomerate’s stock after acquiring an additional 322 shares during the period. Bank of Montreal Can’s holdings in Griffon were worth $408,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Vanguard Group Inc. boosted its stake in shares of Griffon by 2.9% during the 4th quarter.
Vanguard Group Inc. now owns 6,375,843 shares of the conglomerate’s stock valued at $454,406,000 after buying an additional 177,771 shares during the last quarter. Raymond James Financial Inc.
bought a new stake in shares of Griffon during the 4th quarter worth about $43,325,000. Boston Partners raised its stake in shares of Griffon by 0.5% in the 4th quarter.
Boston Partners now owns 558,118 shares of the conglomerate’s stock worth $40,428,000 after buying an additional 2,552 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Griffon by 3.
5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,200 shares of the conglomerate’s stock worth $38,358,000 after purchasing an additional 18,274 shares in the last quarter.
Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Griffon by 10.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 314,005 shares of the conglomerate’s stock worth $22,379,000 after acquiring an additional 30,193 shares during the last quarter.
73.22% of the stock is owned by institutional investors and hedge funds. Insider Activity at GriffonIn other news, Director Cheryl L.
Turnbull sold 3,000 shares of the company’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 represents a 8.
89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.
20% of the stock is currently owned by corporate insiders. Griffon Trading Up 1.9 %NYSE GFF opened at $65.
99 on Wednesday. The stock’s 50-day moving average is $70.91 and its 200-day moving average is $72.
87. 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 Co.
has a one year low of $55.01 and a one year high of $86.73.
The firm has a market cap of $3.17 billion, a P/E ratio of 13.47 and a beta of 1.
26. Griffon (NYSE:GFF – Get Free Report) last released its earnings results on Wednesday, February 5th. The conglomerate reported $1.
39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.11.
Griffon had a return on equity of 120.61% and a net margin of 9.13%.
Sell-side analysts anticipate that Griffon Co. will post 5.55 earnings per share for the current fiscal year.
Griffon Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, February 25th were given a $0.18 dividend.
This represents a $0.72 annualized dividend and a dividend yield of 1.09%.
The ex-dividend date of this dividend was Tuesday, February 25th. Griffon’s payout ratio is 14.69%.
Wall Street Analyst Weigh InSeveral analysts have recently commented on GFF shares. StockNews.com cut Griffon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th.
Loop Capital upgraded shares of Griffon to a “strong-buy” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Griffon in a report on Tuesday, April 1st. They issued a “buy” rating and a $91.
00 price target on the stock. Stephens lifted their target price 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. Finally, Raymond James restated a “strong-buy” rating and set a $95.00 target price (up previously from $92.
00) on shares of Griffon in a research report on Thursday, February 6th. Four 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, the company has a consensus rating of “Buy” and an average target price of $97.20.View Our Latest Stock Analysis on GFFAbout Griffon (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.Further ReadingFive stocks we like better than GriffonGolden Cross Stocks: Pattern, Examples and Charts How to Invest in Micro-Cap Stocks Like a ProBest Stocks Under $10.
00 Investors Sell Microsoft Stock on OpenAI News—Time to Buy? How to trade penny stocks: A step-by-step guideTake-Two Interactive: A Defensive Play Set to ExplodeWant to see what other hedge funds are holding GFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Griffon Co. (NYSE:GFF – Free Report).
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