Griffon (NYSE:GFF) COO Robert Mehmel Sells 14,852 Shares

Griffon Corporation (NYSE:GFF) COO Robert Mehmel sold 14,852 shares of Griffon stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $105.18, for a total transaction of $1,562,133.36. Following the sale, the chief operating officer owned 748,839 shares of the company’s stock, valued at approximately $78,762,886.02. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Trading Up 0.8%

GFF opened at $107.16 on Friday. The firm has a 50 day simple moving average of $91.92 and a 200 day simple moving average of $86.07. Griffon Corporation has a fifty-two week low of $65.01 and a fifty-two week high of $108.57. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 27.34 and a beta of 1.44. The company has a debt-to-equity ratio of 9.75, a current ratio of 2.41 and a quick ratio of 2.43.

Griffon (NYSE:GFF) last announced its quarterly earnings data on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The firm had revenue of $481.37 million for the quarter, compared to analysts’ expectations of $457.70 million. During the same period last year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was down 21.5% on a year-over-year basis. On average, sell-side analysts anticipate that Griffon Corporation will post 5.3 earnings per share for the current year.

Griffon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Griffon’s dividend payout ratio (DPR) is currently 676.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GFF shares. Weiss Ratings lowered Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Robert W. Baird set a $125.00 target price on Griffon in a research report on Thursday. Stephens upped their price target on Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research upgraded shares of Griffon from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Griffon from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Griffon currently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

Trending Headlines about Griffon

Here are the key news stories impacting Griffon this week:

• Positive Sentiment: Quarterly earnings beat expectations: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 consensus estimate, while revenue of $481.4 million surpassed expectations of $457.7 million. Pricing improvements and volume growth—particularly from residential demand—helped offset a 21.5% year-over-year revenue decline. Management reaffirmed its fiscal 2026 outlook, supporting the view that operating momentum remains intact. GFF Q3 Earnings Beat Estimates on Pricing and Volume Growth
• Positive Sentiment: Analyst remains bullish after results: An investment analysis reiterated a Buy view, citing Griffon’s more focused business profile and an intact long-term growth story following the earnings release. Griffon Corporation: A Simpler Business With An Intact Growth Story
• Positive Sentiment: Shares reached a new 52-week high: The strong earnings performance and reaffirmed guidance have helped drive GFF to fresh annual highs, signaling strong market momentum. Griffon Reaches New 52-Week High After Strong Earnings
• Neutral Sentiment: Historical financials were recast: Griffon updated fiscal 2023–2025 financial information after strategic AMES transactions. The revisions improve comparability following the company’s portfolio changes, but investors may review the restated figures for any effects on historical trends or reported performance. Griffon Recasts Financials After Strategic AMES Transactions
• Negative Sentiment: Executives sold shares: CEO Ronald J. Kramer sold 100,000 shares for approximately $10.2 million, while COO Robert F. Mehmel sold a combined 37,061 shares worth about $3.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans, and the executives still retain substantial holdings, reducing—but not eliminating—concern about insider selling.

Institutional Investors Weigh In On Griffon

Several large investors have recently modified their holdings of the business. Moran Wealth Management LLC raised its holdings in shares of Griffon by 97.4% during the fourth quarter. Moran Wealth Management LLC now owns 52,258 shares of the conglomerate’s stock worth $3,849,000 after acquiring an additional 25,790 shares during the period. Louisiana State Employees Retirement System bought a new stake in Griffon in the 1st quarter valued at $1,265,000. SG Americas Securities LLC boosted its stake in Griffon by 77.2% in the 1st quarter. SG Americas Securities LLC now owns 117,092 shares of the conglomerate’s stock worth $8,510,000 after purchasing an additional 51,004 shares during the period. OP Asset Management Ltd acquired a new position in Griffon in the 1st quarter worth $1,547,000. Finally, Walleye Capital LLC bought a new position in Griffon during the 1st quarter worth about $1,135,000. 73.22% of the stock is currently owned by institutional investors.

Griffon Company Profile

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.