Griffon Co. (GFF) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its stake in Griffon Co. (NYSE:GFF) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,964 shares of the conglomerate’s stock after purchasing an additional 11,748 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Griffon were worth $5,576,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of GFF. Dimensional Fund Advisors LP grew its position in shares of Griffon by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,921,492 shares of the conglomerate’s stock valued at $87,057,000 after acquiring an additional 23,942 shares during the period. State Street Corp grew its position in shares of Griffon by 3.6% during the 2nd quarter. State Street Corp now owns 791,950 shares of the conglomerate’s stock valued at $17,382,000 after acquiring an additional 27,501 shares during the period. Royce & Associates LP grew its position in shares of Griffon by 22.8% during the 3rd quarter. Royce & Associates LP now owns 760,316 shares of the conglomerate’s stock valued at $16,879,000 after acquiring an additional 141,400 shares during the period. Citadel Advisors LLC grew its position in shares of Griffon by 101.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,675 shares of the conglomerate’s stock valued at $970,000 after acquiring an additional 21,960 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Griffon by 62.4% during the 3rd quarter. Wells Fargo & Company MN now owns 37,947 shares of the conglomerate’s stock valued at $843,000 after acquiring an additional 14,584 shares during the period. 67.97% of the stock is owned by institutional investors and hedge funds.
Separately, Sidoti started coverage on shares of Griffon in a research report on Friday, March 9th. They set a “buy” rating for the company.
Griffon Co. (GFF) opened at $19.50 on Wednesday. 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 Co. has a one year low of $17.60 and a one year high of $25.15. The firm has a market cap of $949.34, a price-to-earnings ratio of 27.03 and a beta of 1.39.
Griffon (NYSE:GFF) last released its earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Griffon had a net margin of 1.83% and a return on equity of 7.94%. The firm had revenue of $437.30 million for the quarter.
The business also recently declared a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be paid a $1.00 dividend. This represents a yield of 1.43%. The ex-dividend date is Wednesday, March 28th. Griffon’s payout ratio is currently 36.36%.
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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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