Goldman Sachs Group Inc. Maintains Position in Griffon Corporation (GFF)
Goldman Sachs Group Inc. continued to hold its position in Griffon Corporation (NYSE:GFF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,836,224 shares of the conglomerate’s stock at the close of the second quarter. Goldman Sachs Group Inc. owned about 12.35% of Griffon Corporation worth $128,105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of GFF. Royce & Associates LP boosted its holdings in shares of Griffon Corporation by 39.6% in the 2nd quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock worth $13,585,000 after acquiring an additional 175,600 shares in the last quarter. First Trust Advisors LP grew its position in Griffon Corporation by 189.5% during the 2nd quarter. First Trust Advisors LP now owns 93,745 shares of the conglomerate’s stock worth $2,058,000 after acquiring an additional 61,366 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Griffon Corporation by 75.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after acquiring an additional 5,673 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Griffon Corporation by 3.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,430,005 shares of the conglomerate’s stock worth $119,189,000 after acquiring an additional 167,770 shares during the last quarter. Finally, Strs Ohio grew its position in Griffon Corporation by 4.0% during the 2nd quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock worth $735,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 68.55% of the company’s stock.
Griffon Corporation (GFF) traded down 0.88% during trading on Tuesday, reaching $22.55. The company’s stock had a trading volume of 16,656 shares. Griffon Corporation has a 1-year low of $16.18 and a 1-year high of $27.15. The stock has a market cap of $939.93 million, a P/E ratio of 29.75 and a beta of 1.42. The company’s 50 day moving average price is $19.78 and its 200-day moving average price is $21.76.
Griffon Corporation (NYSE:GFF) last issued its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. The company had revenue of $473.32 million during the quarter. Equities analysts forecast that Griffon Corporation will post $0.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 24th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, August 22nd. Griffon Corporation’s payout ratio is presently 29.63%.
Separately, BidaskClub cut Griffon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
Griffon Corporation Company Profile
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).
Want to see what other hedge funds are holding GFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Griffon Corporation (NYSE:GFF).
Receive News & Stock Ratings for Griffon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon Corporation and related stocks with our FREE daily email newsletter.