Griffon Corporation (GFF) Rating Lowered to Sell at BidaskClub

Griffon Corporation (NYSE:GFF) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Griffon Corporation (NYSE GFF) traded down 0.818% during mid-day trading on Tuesday, reaching $21.225. The company had a trading volume of 32,455 shares. The firm has a 50-day moving average of $22.50 and a 200 day moving average of $24.17. The company has a market capitalization of $876.10 million, a PE ratio of 30.408 and a beta of 1.41. Griffon Corporation has a 1-year low of $15.88 and a 1-year high of $27.15.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Friday, May 26th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, May 24th. Griffon Corporation’s dividend payout ratio is presently 31.17%.

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About Griffon Corporation

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).

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