15,615 Shares in Griffon Corporation $GFF Purchased by Walleye Capital LLC

Walleye Capital LLC purchased a new position in Griffon Corporation (NYSE:GFF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,615 shares of the conglomerate’s stock, valued at approximately $1,135,000.

Other large investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. increased its position in shares of Griffon by 41.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,002,513 shares of the conglomerate’s stock valued at $73,835,000 after purchasing an additional 293,278 shares during the last quarter. SEB Asset Management AB purchased a new stake in shares of Griffon in the first quarter worth $21,070,000. Voss Capital LP raised its holdings in Griffon by 14.7% during the fourth quarter. Voss Capital LP now owns 1,760,000 shares of the conglomerate’s stock valued at $129,624,000 after acquiring an additional 225,000 shares during the period. Millennium Management LLC raised its stake in Griffon by 166.4% during the 3rd quarter. Millennium Management LLC now owns 324,553 shares of the conglomerate’s stock valued at $24,715,000 after purchasing an additional 202,714 shares during the period. Finally, Congruence Capital LLC bought a new stake in shares of Griffon during the fourth quarter valued at approximately $11,985,000. Institutional investors own 73.22% of the company’s stock.

Analyst Upgrades and Downgrades

GFF has been the subject of several research reports. Zacks Research raised shares of Griffon from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings cut shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wall Street Zen cut Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Robert W. Baird set a $115.00 price target on shares of Griffon in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.00.

Insider Buying and Selling

In other Griffon news, COO Robert F. Mehmel sold 4,166 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $97.76, for a total transaction of $407,268.16. Following the sale, the chief operating officer owned 785,900 shares in the company, valued at approximately $76,829,584. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed 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. Also, CEO Ronald J. Kramer sold 100,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $94.92, for a total transaction of $9,492,000.00. Following the completion of the transaction, the chief executive officer owned 1,784,297 shares in the company, valued at approximately $169,365,471.24. This trade represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 129,389 shares of company stock valued at $12,309,525 over the last quarter. 10.20% of the stock is owned by company insiders.

Griffon Trading Up 1.9%

Shares of NYSE:GFF opened at $90.62 on Friday. The business’s fifty day simple moving average is $90.01 and its 200-day simple moving average is $85.07. Griffon Corporation has a 12-month low of $65.01 and a 12-month high of $98.36. The company has a current ratio of 2.86, a quick ratio of 2.43 and a debt-to-equity ratio of 14.77. The company has a market capitalization of $4.16 billion, a PE ratio of 697.11 and a beta of 1.41.

Griffon (NYSE:GFF) last released its quarterly earnings results on Thursday, May 7th. The conglomerate reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $421.86 million during the quarter, compared to analyst estimates of $414.63 million. Griffon had a net margin of 0.31% and a return on equity of 298.42%. The company’s quarterly revenue was down 31.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts predict that Griffon Corporation will post 5.17 earnings per share for the current fiscal year.

Griffon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 29th were paid a $0.22 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Griffon’s dividend payout ratio (DPR) is 676.92%.

Griffon 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.