3,631 Shares in Griffon Co. (NYSE:GFF) Acquired by PharVision Advisers LLC

PharVision Advisers LLC bought a new stake in shares of Griffon Co. (NYSE:GFF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,631 shares of the conglomerate’s stock, valued at approximately $259,000.

Several other hedge funds have also recently added to or reduced their stakes in GFF. New Age Alpha Advisors LLC acquired a new position in shares of Griffon during the fourth quarter valued at $30,000. R Squared Ltd bought a new position in Griffon in the 4th quarter valued at about $37,000. Headlands Technologies LLC bought a new position in Griffon in the 4th quarter valued at about $64,000. Smartleaf Asset Management LLC increased its stake in Griffon by 343.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate’s stock valued at $78,000 after buying an additional 845 shares during the period. Finally, KBC Group NV raised its position in shares of Griffon by 43.1% during the 4th quarter. KBC Group NV now owns 1,729 shares of the conglomerate’s stock worth $123,000 after buying an additional 521 shares in the last quarter. Institutional investors own 73.22% of the company’s stock.

Griffon Price Performance

Shares of NYSE:GFF opened at $68.21 on Thursday. The company has a market capitalization of $3.21 billion, a PE ratio of 13.92 and a beta of 1.17. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. The stock has a fifty day moving average of $70.10 and a 200-day moving average of $73.38. Griffon Co. has a one year low of $55.01 and a one year high of $86.73.

Griffon (NYSE:GFF) last announced its earnings results on Thursday, May 8th. The conglomerate reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. The business had revenue of $611.75 million during the quarter, compared to the consensus estimate of $618.23 million. Griffon had a return on equity of 120.61% and a net margin of 9.13%. Griffon’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. As a group, equities analysts anticipate that Griffon Co. will post 5.55 EPS for the current fiscal year.

Griffon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, May 30th. Griffon’s payout ratio is 14.91%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stephens increased their price objective on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Loop Capital raised Griffon to a “strong-buy” rating in a research note on Friday, February 14th. StockNews.com raised Griffon from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft started coverage on Griffon in a research note on Tuesday, April 1st. They set a “buy” rating and a $91.00 target price for the company. Finally, Raymond James reiterated a “strong-buy” rating and issued a $100.00 price target (up from $95.00) on shares of Griffon in a research report on Friday, May 9th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of $98.20.

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.