Griffon Corp. (NYSE:GFF) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report released on Thursday.

Griffon Corp. (NYSE:GFF) traded up 1.47% on Thursday, hitting $20.70. 142,940 shares of the company were exchanged. The company has a market capitalization of $839.53 million, a price-to-earnings ratio of 28.24 and a beta of 1.45. Griffon Corp. has a 52 week low of $13.45 and a 52 week high of $21.45. The stock has a 50 day moving average of $17.14 and a 200 day moving average of $16.90.

Griffon Corp. (NYSE:GFF) last issued its earnings results on Wednesday, November 16th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Griffon Corp. had a net margin of 1.69% and a return on equity of 8.42%. The firm had revenue of $501 million for the quarter, compared to analysts’ expectations of $490.84 million. During the same quarter last year, the business earned $0.23 earnings per share. Analysts predict that Griffon Corp. will post $0.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Monday, December 5th will be issued a $0.06 dividend. This is a boost from Griffon Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. Griffon Corp.’s dividend payout ratio (DPR) is currently 26.67%.

About Griffon Corp.

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).

5 Day Chart for NYSE:GFF

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