Royal Bank of Canada cut its stake in shares of Griffon Corporation (NYSE:GFF) by 1.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,640 shares of the conglomerate’s stock after selling 480 shares during the period. Royal Bank of Canada owned approximately 0.06% of Griffon Corporation worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GFF. Royce & Associates LP raised its position in shares of Griffon Corporation by 39.6% in the 2nd quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock valued at $13,585,000 after purchasing an additional 175,600 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Griffon Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,166,978 shares of the conglomerate’s stock valued at $69,516,000 after purchasing an additional 78,214 shares in the last quarter. Citigroup Inc. raised its position in shares of Griffon Corporation by 20.2% in the 2nd quarter. Citigroup Inc. now owns 37,674 shares of the conglomerate’s stock valued at $827,000 after purchasing an additional 6,344 shares in the last quarter. First Trust Advisors LP raised its position in shares of Griffon Corporation by 189.5% in the 2nd quarter. First Trust Advisors LP now owns 93,745 shares of the conglomerate’s stock valued at $2,058,000 after purchasing an additional 61,366 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Griffon Corporation by 75.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock valued at $290,000 after purchasing an additional 5,673 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Griffon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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Griffon Corporation (NYSE:GFF) opened at $20.75 on Friday. Griffon Corporation has a 52-week low of $17.65 and a 52-week high of $27.15. The stock has a market capitalization of $980.58, a P/E ratio of 26.60 and a beta of 1.42. The company has a debt-to-equity ratio of 2.49, a current ratio of 2.72 and a quick ratio of 1.57.

Griffon Corporation Profile

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).

Institutional Ownership by Quarter for Griffon Corporation (NYSE:GFF)

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