Griffon Co. (NYSE:GFF) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its holdings in shares of Griffon Co. (NYSE:GFF) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 56,520 shares of the conglomerate’s stock after acquiring an additional 400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Griffon were worth $4,028,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Grove Bank & Trust acquired a new position in shares of Griffon during the fourth quarter worth about $33,000. R Squared Ltd purchased a new position in Griffon in the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC grew its position in Griffon by 343.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate’s stock valued at $78,000 after acquiring an additional 845 shares in the last quarter. Quarry LP lifted its position in shares of Griffon by 86.9% during the third quarter. Quarry LP now owns 1,452 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 675 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Griffon by 43.1% in the fourth quarter. KBC Group NV now owns 1,729 shares of the conglomerate’s stock valued at $123,000 after purchasing an additional 521 shares during the period. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Insider Buying and Selling

In related news, Director Cheryl L. Turnbull sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $80.80, for a total transaction of $242,400.00. Following the completion of the transaction, the director now owns 30,730 shares in the company, valued at $2,482,984. The trade was a 8.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GFF has been the topic of several analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $95.00 price target (up previously from $92.00) on shares of Griffon in a research note on Thursday, February 6th. Loop Capital upgraded Griffon to a “strong-buy” rating in a research note on Friday, February 14th. StockNews.com lowered Griffon from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Stephens upped their target price on Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $98.75.

Griffon Trading Down 0.8 %

Shares of NYSE GFF opened at $70.94 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 6.44. The stock’s 50 day moving average price is $74.27 and its two-hundred day moving average price is $72.40. Griffon Co. has a 52-week low of $55.01 and a 52-week high of $86.73. The stock has a market capitalization of $3.41 billion, a P/E ratio of 14.48 and a beta of 1.40.

Griffon (NYSE:GFF) last announced its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.11. Griffon had a return on equity of 120.61% and a net margin of 9.13%. On average, analysts anticipate that Griffon Co. will post 5.55 earnings per share for the current fiscal year.

Griffon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.72 annualized dividend and a yield of 1.01%. Griffon’s dividend payout ratio (DPR) is 14.69%.

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.