Griffon Corporation $GFF Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in shares of Griffon Corporation (NYSE:GFF) by 33.4% during the second quarter, Holdings Channel reports. The firm owned 79,130 shares of the conglomerate’s stock after buying an additional 19,810 shares during the period. Hillsdale Investment Management Inc.’s holdings in Griffon were worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GFF. denkapparat Operations GmbH boosted its position in Griffon by 7.5% during the 2nd quarter. denkapparat Operations GmbH now owns 3,588 shares of the conglomerate’s stock valued at $260,000 after purchasing an additional 250 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Griffon by 151.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 438 shares of the conglomerate’s stock valued at $32,000 after buying an additional 264 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Griffon by 6.5% during the first quarter. Cetera Investment Advisers now owns 5,503 shares of the conglomerate’s stock valued at $393,000 after acquiring an additional 335 shares during the period. CWM LLC boosted its holdings in shares of Griffon by 26.1% during the first quarter. CWM LLC now owns 2,000 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 414 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Griffon by 8,720.0% during the second quarter. IFP Advisors Inc now owns 441 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 73.22% of the company’s stock.

Griffon Stock Performance

Shares of GFF opened at $72.11 on Friday. The firm has a market capitalization of $3.36 billion, a PE ratio of 53.81, a P/E/G ratio of 1.02 and a beta of 1.14. The company has a quick ratio of 1.38, a current ratio of 2.70 and a debt-to-equity ratio of 22.58. The firm has a 50-day moving average price of $74.38 and a 200 day moving average price of $74.25. Griffon Corporation has a 52-week low of $63.92 and a 52-week high of $86.73.

Griffon (NYSE:GFF) last released its quarterly earnings results on Wednesday, November 19th. The conglomerate reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). The company had revenue of $662.18 million for the quarter, compared to the consensus estimate of $631.47 million. Griffon had a return on equity of 144.21% and a net margin of 2.78%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. Griffon has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Griffon Corporation will post 5.55 earnings per share for the current fiscal year.

Griffon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 28th will be given a $0.22 dividend. This is a positive change from Griffon’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Griffon’s dividend payout ratio is 88.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Griffon from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Griffon from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Griffon in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $98.20.

Griffon Profile

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.