Griffon Co. (NYSE:GFF) SVP Seth L. Kaplan purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was bought at an average cost of $11.62 per share, with a total value of $52,290.00. Following the acquisition, the senior vice president now owns 142,900 shares of the company’s stock, valued at $1,660,498. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

GFF traded up $0.07 during trading on Thursday, reaching $11.26. 102 shares of the company’s stock were exchanged, compared to its average volume of 207,982. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.31 and a current ratio of 2.32. Griffon Co. has a fifty-two week low of $10.15 and a fifty-two week high of $23.55. The firm has a market capitalization of $511.10 million, a PE ratio of 14.80 and a beta of 1.58.

Griffon (NYSE:GFF) last released its earnings results on Wednesday, November 14th. The conglomerate reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Griffon had a net margin of 6.35% and a return on equity of 6.94%. The firm had revenue of $545.51 million during the quarter, compared to analyst estimates of $590.58 million. During the same quarter in the previous year, the business earned $0.36 EPS. Equities analysts forecast that Griffon Co. will post 0.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, November 29th will be issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 28th. This is a positive change from Griffon’s previous quarterly dividend of $0.07. Griffon’s payout ratio is currently 38.16%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Claybrook Capital LLC grew its holdings in Griffon by 9.7% during the 3rd quarter. Claybrook Capital LLC now owns 56,551 shares of the conglomerate’s stock worth $913,000 after acquiring an additional 5,000 shares during the period. Vanguard Group Inc. grew its holdings in Griffon by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,926,249 shares of the conglomerate’s stock worth $63,410,000 after acquiring an additional 223,950 shares during the period. Legal & General Group Plc grew its holdings in Griffon by 20.3% during the 3rd quarter. Legal & General Group Plc now owns 84,000 shares of the conglomerate’s stock worth $1,358,000 after acquiring an additional 14,160 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Griffon by 8.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 174,458 shares of the conglomerate’s stock worth $2,817,000 after acquiring an additional 14,197 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Griffon by 7.6% during the 3rd quarter. Teachers Advisors LLC now owns 57,305 shares of the conglomerate’s stock worth $925,000 after acquiring an additional 4,062 shares during the period. 66.48% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Griffon from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Robert W. Baird set a $18.00 price target on shares of Griffon and gave the company a “hold” rating in a report on Tuesday, October 16th. Sidoti lowered their price target on shares of Griffon from $26.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 15th. JPMorgan Chase & Co. assumed coverage on shares of Griffon in a report on Tuesday, October 30th. They issued an “underweight” rating for the company. Finally, Deutsche Bank assumed coverage on shares of Griffon in a report on Friday, September 21st. They set a “hold” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.50.

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Griffon Company Profile

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. Its Home & Building Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains.

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