News articles about Griffon (NYSE:GFF) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Griffon earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the conglomerate an impact score of 46.2194867490997 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Griffon (GFF) traded up $0.15 during midday trading on Thursday, hitting $19.60. 4,129 shares of the stock were exchanged, compared to its average volume of 119,201. The company has a market capitalization of $885.26, a PE ratio of 25.32 and a beta of 1.38. Griffon has a 52 week low of $17.60 and a 52 week high of $25.90. The company has a current ratio of 2.92, a quick ratio of 2.06 and a debt-to-equity ratio of 2.85.
Griffon (NYSE:GFF) last announced its quarterly earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The firm had revenue of $437.30 million for the quarter. Griffon had a return on equity of 7.94% and a net margin of 1.83%.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.43%. Griffon’s dividend payout ratio is 36.36%.
In other news, Director Louis J. Grabowsky purchased 2,500 shares of Griffon stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $18.33 per share, with a total value of $45,825.00. Following the completion of the transaction, the director now directly owns 32,594 shares in the company, valued at approximately $597,448.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Louis J. Grabowsky purchased 11,000 shares of Griffon stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $23.30 per share, for a total transaction of $256,300.00. The disclosure for this purchase can be found here. Company insiders own 26.40% of the company’s stock.
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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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