Griffon (NYSE:GFF) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Griffon (NYSE:GFF) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $91.00 target price on the conglomerate’s stock.

Several other research analysts have also commented on GFF. Stephens raised their price objective on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Loop Capital raised shares of Griffon to a “strong-buy” rating in a research report on Friday, February 14th. Raymond James reaffirmed 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. Finally, StockNews.com lowered Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $97.20.

Griffon Trading Down 7.0 %

Shares of NYSE:GFF opened at $69.70 on Tuesday. Griffon has a 52-week low of $55.01 and a 52-week high of $86.73. 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 has a market cap of $3.35 billion, a price-to-earnings ratio of 14.22 and a beta of 1.40. The business has a 50-day moving average price of $73.62 and a 200-day moving average price of $72.91.

Griffon (NYSE:GFF) last released its quarterly earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share 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%. Equities analysts predict that Griffon 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. Stockholders of record on Tuesday, February 25th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, February 25th. Griffon’s payout ratio is 14.69%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Griffon

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC grew its stake in shares of Griffon by 116.1% during the 4th quarter. McIlrath & Eck LLC now owns 376 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 202 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Griffon in the 4th quarter worth approximately $30,000. Grove Bank & Trust purchased a new position in Griffon during the fourth quarter worth about $33,000. R Squared Ltd acquired a new position in shares of Griffon in the 4th quarter valued at $37,000. Finally, Headlands Technologies LLC purchased a new position in Griffon in the fourth quarter valued at approximately $64,000. 73.22% of the stock is currently owned by hedge funds and other institutional investors.

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.