Royce & Associates LP increased its stake in Griffon Co. (NYSE:GFF) by 9.0% in the 4th quarter, HoldingsChannel reports. The fund owned 829,075 shares of the conglomerate’s stock after acquiring an additional 68,759 shares during the quarter. Royce & Associates LP’s holdings in Griffon were worth $16,872,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of GFF. Teacher Retirement System of Texas purchased a new stake in Griffon in the 4th quarter worth $212,000. Dynamic Technology Lab Private Ltd purchased a new stake in Griffon in the 2nd quarter worth $297,000. Crossmark Global Holdings Inc. purchased a new stake in Griffon in the 3rd quarter worth $346,000. Voya Investment Management LLC increased its holdings in Griffon by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after acquiring an additional 1,511 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Griffon by 36.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,018 shares of the conglomerate’s stock worth $400,000 after acquiring an additional 4,821 shares in the last quarter. 67.47% of the stock is owned by institutional investors.
In related news, Director Louis J. Grabowsky purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $18.33 per share, with a total value of $45,825.00. Following the acquisition, the director now owns 32,594 shares in the company, valued at $597,448.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.40% of the stock is currently owned by insiders.
Shares of Griffon Co. (NYSE:GFF) opened at $20.45 on Friday. The company has a market cap of $973.08, a price-to-earnings ratio of 27.70 and a beta of 1.38. The company has a quick ratio of 2.06, a current ratio of 2.92 and a debt-to-equity ratio of 2.85. Griffon Co. has a 1-year low of $17.60 and a 1-year high of $25.90.
Griffon (NYSE:GFF) last issued its quarterly earnings results on Wednesday, January 31st. The conglomerate reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The company had revenue of $437.30 million during the quarter. Griffon had a return on equity of 7.94% and a net margin of 1.83%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, February 22nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.37%. The ex-dividend date is Wednesday, February 21st. Griffon’s payout ratio is presently 36.36%.
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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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