Griffon (NYSE:GFF) Issues Earnings Results, Misses Expectations By $0.02 EPS

Griffon (NYSE:GFF) released its earnings results on Wednesday. The conglomerate reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.02), Zacks reports. Griffon had a return on equity of 144.21% and a net margin of 2.78%.During the same period last year, the business earned $1.47 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Griffon updated its FY 2026 guidance to EPS.

Griffon Price Performance

Shares of NYSE:GFF opened at $66.72 on Wednesday. The company has a debt-to-equity ratio of 22.58, a quick ratio of 1.38 and a current ratio of 2.70. Griffon has a 52 week low of $63.92 and a 52 week high of $86.73. The firm has a market cap of $3.11 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The firm’s fifty day moving average is $74.90 and its 200-day moving average is $74.32.

Analyst Ratings Changes

GFF has been the topic of several analyst reports. Zacks Research upgraded shares of Griffon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Griffon in a research note on Monday. Robert W. Baird raised their price objective on Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of Griffon from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $98.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in shares of Griffon by 5.4% in the third quarter. Advisory Services Network LLC now owns 11,308 shares of the conglomerate’s stock valued at $861,000 after buying an additional 576 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Griffon by 1.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 36,947 shares of the conglomerate’s stock valued at $2,791,000 after acquiring an additional 699 shares during the last quarter. Verition Fund Management LLC increased its position in Griffon by 20.0% during the 3rd quarter. Verition Fund Management LLC now owns 107,104 shares of the conglomerate’s stock valued at $8,156,000 after purchasing an additional 17,864 shares during the period. Mariner LLC increased its position in Griffon by 178.3% during the 3rd quarter. Mariner LLC now owns 17,339 shares of the conglomerate’s stock valued at $1,320,000 after purchasing an additional 11,109 shares during the period. Finally, National Bank of Canada FI raised its holdings in Griffon by 2.3% during the 3rd quarter. National Bank of Canada FI now owns 19,735 shares of the conglomerate’s stock worth $1,503,000 after purchasing an additional 435 shares during the last quarter. 73.22% of the stock is owned by institutional investors and hedge funds.

Griffon Company Profile

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.