Robert Mehmel Sells 14,852 Shares of Griffon (NYSE:GFF) Stock

Griffon Corporation (NYSE:GFF) COO Robert Mehmel sold 14,852 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $105.18, for a total transaction of $1,562,133.36. Following the completion of the sale, the chief operating officer owned 748,839 shares of the company’s stock, valued at $78,762,886.02. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Trading Up 0.8%

GFF opened at $107.16 on Friday. The company has a fifty day moving average price of $91.92 and a two-hundred day moving average price of $86.07. Griffon Corporation has a 1-year low of $65.01 and a 1-year high of $108.57. The company has a market cap of $4.85 billion, a P/E ratio of 27.34 and a beta of 1.44. The company has a current ratio of 2.41, a quick ratio of 2.43 and a debt-to-equity ratio of 9.75.

Griffon (NYSE:GFF) last released its quarterly earnings data on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The company had revenue of $481.37 million for the quarter, compared to analysts’ expectations of $457.70 million. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The business’s revenue was down 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. Analysts predict that Griffon Corporation will post 5.33 EPS for the current fiscal year.

Griffon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Griffon’s dividend payout ratio (DPR) is 676.92%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GFF shares. Wall Street Zen downgraded shares of Griffon from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Robert W. Baird set a $125.00 price objective on shares of Griffon in a research note on Thursday. Stephens lifted their price objective on shares of Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research raised shares of Griffon from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Weiss Ratings lowered shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Griffon presently has an average rating of “Buy” and an average target price of $122.50.

More Griffon News

Here are the key news stories impacting Griffon this week:

• Positive Sentiment: Quarterly earnings beat expectations: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 consensus estimate, while revenue of $481.4 million surpassed expectations of $457.7 million. Pricing improvements and volume growth—particularly from residential demand—helped offset a 21.5% year-over-year revenue decline. Management reaffirmed its fiscal 2026 outlook, supporting the view that operating momentum remains intact. GFF Q3 Earnings Beat Estimates on Pricing and Volume Growth
• Positive Sentiment: Analyst remains bullish after results: An investment analysis reiterated a Buy view, citing Griffon’s more focused business profile and an intact long-term growth story following the earnings release. Griffon Corporation: A Simpler Business With An Intact Growth Story
• Positive Sentiment: Shares reached a new 52-week high: The strong earnings performance and reaffirmed guidance have helped drive GFF to fresh annual highs, signaling strong market momentum. Griffon Reaches New 52-Week High After Strong Earnings
• Neutral Sentiment: Historical financials were recast: Griffon updated fiscal 2023–2025 financial information after strategic AMES transactions. The revisions improve comparability following the company’s portfolio changes, but investors may review the restated figures for any effects on historical trends or reported performance. Griffon Recasts Financials After Strategic AMES Transactions
• Negative Sentiment: Executives sold shares: CEO Ronald J. Kramer sold 100,000 shares for approximately $10.2 million, while COO Robert F. Mehmel sold a combined 37,061 shares worth about $3.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans, and the executives still retain substantial holdings, reducing—but not eliminating—concern about insider selling.

Institutional Investors Weigh In On Griffon

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its stake in Griffon by 149.6% during the 4th quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Griffon during the 1st quarter worth $29,000. Hilton Head Capital Partners LLC bought a new stake in shares of Griffon in the 4th quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Griffon by 362.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock worth $36,000 after acquiring an additional 388 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Griffon in the second quarter valued at about $37,000. 73.22% of the stock is owned by hedge funds and other institutional investors.

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.