Deutsche Bank AG Has $885,000 Position in Griffon Co. (NYSE:GFF)

Deutsche Bank AG grew its position in Griffon Co. (NYSE:GFF) by 275.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 69,970 shares of the conglomerate’s stock after purchasing an additional 51,339 shares during the quarter. Deutsche Bank AG’s holdings in Griffon were worth $885,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Griffon by 44.8% in the 4th quarter. Bank of Montreal Can now owns 4,634 shares of the conglomerate’s stock valued at $94,000 after buying an additional 1,433 shares in the last quarter. State Street Corp increased its position in Griffon by 11.0% during the 1st quarter. State Street Corp now owns 1,255,659 shares of the conglomerate’s stock worth $15,884,000 after purchasing an additional 124,714 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Griffon by 11.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 807,494 shares of the conglomerate’s stock worth $16,417,000 after purchasing an additional 81,024 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Griffon by 243.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 55,698 shares of the conglomerate’s stock worth $1,132,000 after purchasing an additional 39,477 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in Griffon during the 4th quarter worth approximately $260,000. Institutional investors own 70.30% of the company’s stock.

Shares of NYSE GFF opened at $18.03 on Wednesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.40 and a current ratio of 2.59. Griffon Co. has a 52-week low of $9.15 and a 52-week high of $25.50. The firm has a 50 day moving average price of $17.28 and a two-hundred day moving average price of $17.56. The stock has a market cap of $820.08 million, a P/E ratio of 19.18 and a beta of 2.20.

Griffon (NYSE:GFF) last announced its quarterly earnings results on Tuesday, April 28th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Griffon had a net margin of 1.82% and a return on equity of 11.64%. The firm had revenue of $566.35 million during the quarter, compared to analysts’ expectations of $582.10 million. During the same period in the prior year, the company posted $0.15 EPS. Analysts predict that Griffon Co. will post 0.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 21st were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.66%. The ex-dividend date was Wednesday, May 20th. Griffon’s dividend payout ratio (DPR) is currently 27.78%.

A number of equities analysts recently issued reports on the stock. ValuEngine cut shares of Griffon from a “hold” rating to a “sell” rating in a research report on Friday, May 8th. Zacks Investment Research upgraded shares of Griffon from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.67.

Griffon Company Profile

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.

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Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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