Griffon (GFF) Coverage Initiated by Analysts at Sidoti
Shares of Griffon (NYSE GFF) opened at $19.55 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.06 and a current ratio of 2.92. Griffon has a one year low of $17.60 and a one year high of $25.15. The stock has a market cap of $927.98, a P/E ratio of 25.39 and a beta of 1.39.
Griffon (NYSE:GFF) last issued its quarterly earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Griffon had a return on equity of 7.94% and a net margin of 1.83%. The company had revenue of $437.30 million for the quarter.
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Griffon by 1.3% during the 2nd quarter. Wells Fargo & Company MN now owns 23,363 shares of the conglomerate’s stock worth $513,000 after purchasing an additional 299 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Griffon by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after purchasing an additional 1,511 shares during the last quarter. California Public Employees Retirement System grew its stake in Griffon by 5.3% in the 4th quarter. California Public Employees Retirement System now owns 69,171 shares of the conglomerate’s stock valued at $1,408,000 after buying an additional 3,460 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Griffon by 30.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,800 shares of the conglomerate’s stock valued at $417,000 after buying an additional 4,350 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Griffon by 36.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,018 shares of the conglomerate’s stock valued at $400,000 after buying an additional 4,821 shares in the last quarter. Institutional investors own 67.56% of the company’s stock.
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Griffon Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through two segments: Home & Building Products (HBP) and Telephonics Corporation (Telephonics). The HBP segment consists of three companies: The AMES Companies, Inc (AMES), Clopay Building Products Company, Inc (CBP) and ClosetMaid LLC (ClosetMaid).
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