Griffon Corporation (GFF) To Go Ex-Dividend on February 27th

Griffon Corporation (NYSE:GFF) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, February 27th will be paid a dividend of 0.22 per share by the conglomerate on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 27th.

Griffon has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Griffon has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Griffon to earn $6.44 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 13.7%.

Griffon Price Performance

GFF stock opened at $94.95 on Friday. The company has a debt-to-equity ratio of 12.36, a quick ratio of 1.34 and a current ratio of 2.55. The business has a 50-day simple moving average of $78.99 and a two-hundred day simple moving average of $76.75. The company has a market capitalization of $4.42 billion, a P/E ratio of 103.21, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. Griffon has a 52-week low of $63.92 and a 52-week high of $95.34.

Griffon (NYSE:GFF) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $649.09 million during the quarter, compared to the consensus estimate of $618.35 million. Griffon had a return on equity of 228.83% and a net margin of 1.76%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. Research analysts expect that Griffon will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings restated a “hold (c)” rating on shares of Griffon in a report on Monday, December 29th. Wall Street Zen raised shares of Griffon from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Robert W. Baird set a $108.00 target price on shares of Griffon in a research report on Friday. Finally, Stephens upped their target price on Griffon from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $97.20.

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.