Shares of Griffon Co. (NYSE:GFF) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.25.
A number of analysts recently issued reports on GFF shares. Zacks Investment Research cut Griffon from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Robert W. Baird set a $18.00 target price on Griffon and gave the stock a “hold” rating in a research note on Monday, April 22nd.
Several institutional investors and hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC grew its stake in shares of Griffon by 5.9% during the 1st quarter. Mason Street Advisors LLC now owns 11,114 shares of the conglomerate’s stock worth $205,000 after acquiring an additional 618 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Griffon by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,003 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 758 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Griffon by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 22,118 shares of the conglomerate’s stock worth $231,000 after acquiring an additional 879 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Griffon by 173.7% in the 1st quarter. Versant Capital Management Inc now owns 1,626 shares of the conglomerate’s stock valued at $30,000 after buying an additional 1,032 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Griffon by 132.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,008 shares of the conglomerate’s stock valued at $36,000 after buying an additional 1,146 shares during the last quarter. 66.96% of the stock is owned by institutional investors.
NYSE GFF traded up $0.24 during trading hours on Friday, reaching $16.66. 86,625 shares of the company’s stock were exchanged, compared to its average volume of 199,231. Griffon has a one year low of $9.65 and a one year high of $19.86. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.45 and a current ratio of 2.70. The stock has a market cap of $743.19 million, a price-to-earnings ratio of 21.92 and a beta of 2.23.
Griffon (NYSE:GFF) last posted its earnings results on Thursday, May 2nd. The conglomerate reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Griffon had a return on equity of 9.03% and a net margin of 0.57%. The business had revenue of $549.63 million during the quarter, compared to analysts’ expectations of $556.35 million. On average, analysts predict that Griffon will post 1.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.0725 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.29 annualized dividend and a dividend yield of 1.74%. Griffon’s dividend payout ratio is currently 38.16%.
Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.
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