Griffon Corporation (NYSE:GFF) Director Louis J. Grabowsky purchased 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $23.30 per share, for a total transaction of $256,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Griffon Corporation (GFF) opened at $22.35 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.96 and a debt-to-equity ratio of 2.43. The firm has a market capitalization of $1,076.60, a price-to-earnings ratio of 26.21 and a beta of 1.42. Griffon Corporation has a fifty-two week low of $17.65 and a fifty-two week high of $27.15.
Griffon (NYSE:GFF) last announced its quarterly earnings data on Thursday, November 16th. The conglomerate reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Griffon had a return on equity of 9.60% and a net margin of 0.80%. The company had revenue of $430.80 million for the quarter. During the same quarter in the previous year, the business posted $0.27 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 28th. This is a positive change from Griffon’s previous quarterly dividend of $0.06. Griffon’s payout ratio is currently 82.35%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its holdings in shares of Griffon by 5.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 5,748,352 shares of the conglomerate’s stock worth $127,613,000 after acquiring an additional 318,347 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Griffon by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,921,492 shares of the conglomerate’s stock worth $87,057,000 after purchasing an additional 23,942 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Griffon by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,166,978 shares of the conglomerate’s stock worth $69,516,000 after purchasing an additional 78,214 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Griffon by 7.6% during the 3rd quarter. Gabelli Funds LLC now owns 1,696,573 shares of the conglomerate’s stock worth $37,664,000 after purchasing an additional 119,627 shares during the last quarter. Finally, State Street Corp increased its position in shares of Griffon by 3.6% during the 2nd quarter. State Street Corp now owns 791,950 shares of the conglomerate’s stock worth $17,382,000 after purchasing an additional 27,501 shares during the last quarter. Institutional investors and hedge funds own 67.57% of the company’s stock.
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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