Griffon (GFF) Earning Somewhat Positive News Coverage, Study Finds
News coverage about Griffon (NYSE:GFF) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Griffon earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 46.4190038851143 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- ETFs with exposure to Griffon Corp. : November 27, 2017 (finance.yahoo.com)
- Dynamic Brussels Griffon (Toy Group) Wins “National Dog Show Presented By Purina®” (prnewswire.com)
- Griffon Corp. :GFF-US: Earnings Analysis: 2017 By the Numbers : November 22, 2017 (finance.yahoo.com)
- Griffon Corporation (GFF) Director Louis J. Grabowsky Purchases 11,000 Shares (americanbankingnews.com)
Shares of Griffon (NYSE:GFF) opened at $22.60 on Tuesday. The firm has a market capitalization of $1,090.78, a P/E ratio of 26.55 and a beta of 1.42. The company has a current ratio of 2.96, a quick ratio of 2.15 and a debt-to-equity ratio of 2.43. Griffon has a twelve month low of $17.65 and a twelve month high of $27.15.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 28th. This is a boost from Griffon’s previous quarterly dividend of $0.06. Griffon’s payout ratio is 70.59%.
In other news, Director Louis J. Grabowsky bought 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $23.30 per share, with a total value of $256,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.40% of the company’s stock.
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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).
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