Griffon (NYSE:GFF) COO Robert Mehmel Sells 22,209 Shares of Stock

Griffon Corporation (NYSE:GFF) COO Robert Mehmel sold 22,209 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.08, for a total value of $2,267,094.72. Following the transaction, the chief operating officer owned 763,691 shares in the company, valued at $77,957,577.28. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Stock Up 0.8%

Shares of NYSE:GFF opened at $107.16 on Friday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 27.34 and a beta of 1.44. Griffon Corporation has a 1-year low of $65.01 and a 1-year high of $108.57. The company’s fifty day moving average is $91.92 and its two-hundred day moving average is $86.07. The company has a debt-to-equity ratio of 9.75, a quick ratio of 2.43 and a current ratio of 2.41.

Griffon (NYSE:GFF) last posted its quarterly earnings results on Wednesday, August 5th. The conglomerate reported $1.51 EPS for the quarter, beating the consensus estimate of $1.34 by $0.17. The business had revenue of $481.37 million during the quarter, compared to analyst estimates of $457.70 million. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The company’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. Equities analysts anticipate that Griffon Corporation will post 5.3 EPS 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Griffon’s dividend payout ratio is presently 676.92%.

Institutional Trading of Griffon

Several hedge funds have recently added to or reduced their stakes in GFF. Hantz Financial Services Inc. boosted its position in Griffon by 149.6% during the 4th quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 211 shares during the period. Scarborough Advisors LLC bought a new position in shares of Griffon in the first quarter worth $29,000. Hilton Head Capital Partners LLC acquired a new position in shares of Griffon during the fourth quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Griffon by 362.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 388 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Griffon during the second quarter valued at about $37,000. Institutional investors own 73.22% of the company’s stock.

Key Griffon News

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.

Analysts Set New Price Targets

A number of research firms have issued reports on GFF. Wall Street Zen cut Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research raised shares of Griffon from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Stephens increased their price objective on shares of Griffon from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings lowered shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Robert W. Baird set a $125.00 target price on shares of Griffon in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Griffon presently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

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.