19,300 Shares in Griffon Co. (NYSE:GFF) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new stake in shares of Griffon Co. (NYSE:GFF) during the fourth quarter, HoldingsChannel reports. The fund acquired 19,300 shares of the conglomerate’s stock, valued at approximately $1,376,000. Griffon accounts for approximately 0.7% of Integrated Quantitative Investments LLC’s holdings, making the stock its 22nd largest holding.

A number of other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new stake in Griffon in the 4th quarter worth approximately $30,000. Grove Bank & Trust purchased a new stake in Griffon during the 4th quarter valued at about $33,000. R Squared Ltd acquired a new position in shares of Griffon in the fourth quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in shares of Griffon in the fourth quarter worth about $64,000. Finally, Smartleaf Asset Management LLC raised its position in Griffon by 343.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate’s stock worth $78,000 after buying an additional 845 shares during the last quarter. Institutional investors own 73.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on GFF shares. StockNews.com cut shares of Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Loop Capital raised shares of Griffon to a “strong-buy” rating in a report on Friday, February 14th. Raymond James restated a “strong-buy” rating and set a $95.00 price objective (up from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Stephens lifted their target price on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Griffon in a research note on Tuesday. They set a “buy” rating and a $91.00 target price on the stock. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $97.20.

Griffon Stock Down 7.0 %

Shares of NYSE:GFF opened at $69.70 on Friday. The business has a 50-day moving average price of $73.62 and a 200 day moving average price of $72.91. Griffon Co. has a 12-month low of $55.01 and a 12-month high of $86.73. The company has a current ratio of 2.51, a quick ratio of 1.34 and a debt-to-equity ratio of 6.44. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 14.22 and a beta of 1.40.

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

Griffon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a yield of 1.03%. Griffon’s dividend payout ratio (DPR) is presently 14.69%.

Insiders Place Their Bets

In related news, Director Cheryl L. Turnbull sold 3,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total value of $242,400.00. Following the completion of the sale, the director now directly owns 30,730 shares of the company’s stock, valued at $2,482,984. The trade was a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is owned by company insiders.

Griffon Company 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.