Griffon Corporation (NYSE:GFF) Director Louis J. Grabowsky bought 11,000 shares of Griffon stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $23.30 per share, for a total transaction of $256,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Griffon Corporation (NYSE:GFF) traded down $0.35 during trading hours on Thursday, hitting $22.00. 103,775 shares of the stock were exchanged, compared to its average volume of 120,115. Griffon Corporation has a 12-month low of $17.65 and a 12-month high of $27.15. The stock has a market cap of $1,076.60, a P/E ratio of 26.21 and a beta of 1.42. The company has a quick ratio of 2.15, a current ratio of 2.96 and a debt-to-equity ratio of 2.43.
Griffon (NYSE:GFF) last announced its quarterly earnings data on Thursday, November 16th. The conglomerate reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Griffon had a net margin of 0.80% and a return on equity of 9.60%. The company had revenue of $430.80 million for the quarter. During the same period last year, the company posted $0.27 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.27%. This is an increase from Griffon’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, November 28th. Griffon’s dividend payout ratio is 82.35%.
A number of hedge funds have recently made changes to their positions in GFF. Strs Ohio grew its position in Griffon by 4.0% during the 2nd quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock valued at $735,000 after purchasing an additional 1,300 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Griffon by 4.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,369 shares of the conglomerate’s stock valued at $993,000 after purchasing an additional 2,100 shares during the last quarter. Spark Investment Management LLC grew its position in Griffon by 71.7% during the 2nd quarter. Spark Investment Management LLC now owns 50,300 shares of the conglomerate’s stock valued at $1,104,000 after purchasing an additional 21,000 shares during the last quarter. Texas Permanent School Fund grew its position in Griffon by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock valued at $500,000 after purchasing an additional 200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Griffon by 1.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,321 shares of the conglomerate’s stock valued at $5,495,000 after purchasing an additional 4,196 shares during the last quarter. 67.57% of the stock is currently owned by institutional investors.
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Griffon Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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