Griffon Corporation (NYSE:GFF) Receives Average Recommendation of “Moderate Buy” from Analysts

Griffon Corporation (NYSE:GFF) has been given an average rating of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $115.00.

A number of analysts have recently commented on GFF shares. Zacks Research raised shares of Griffon from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Stephens raised their price target on shares of Griffon from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Wall Street Zen lowered Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Robert W. Baird set a $115.00 target price on Griffon in a report on Friday, May 8th. Finally, Weiss Ratings cut shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its stake in Griffon by 149.6% during the fourth quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Griffon during the 1st quarter worth $29,000. Huntington National Bank increased its position in shares of Griffon by 645.0% during the 3rd quarter. Huntington National Bank now owns 447 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 387 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Griffon during the 4th quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Griffon by 362.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock valued at $36,000 after buying an additional 388 shares during the period. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Griffon Stock Down 0.4%

Griffon stock opened at $85.53 on Friday. Griffon has a 12 month low of $65.01 and a 12 month high of $97.58. The stock has a market capitalization of $3.92 billion, a PE ratio of 657.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 14.77, a current ratio of 2.86 and a quick ratio of 2.43. The business has a 50 day simple moving average of $83.63 and a 200-day simple moving average of $80.70.

Griffon (NYSE:GFF) last issued its quarterly earnings results on Thursday, May 7th. The conglomerate reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $421.86 million during the quarter, compared to analyst estimates of $414.63 million. Griffon had a net margin of 0.31% and a return on equity of 298.42%. The firm’s revenue was down 31.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, analysts anticipate that Griffon will post 5.17 EPS for the current fiscal year.

Griffon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Griffon’s payout ratio is currently 676.92%.

Griffon Company Profile

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.