Griffon Co. (NYSE:GFF) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in Griffon Co. (NYSE:GFF) by 393.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,150 shares of the conglomerate’s stock after acquiring an additional 12,877 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Griffon were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in shares of Griffon in the 4th quarter worth about $30,000. Grove Bank & Trust acquired a new stake in Griffon during the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new position in Griffon in the fourth quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in Griffon during the fourth quarter valued at approximately $64,000. Finally, Smartleaf Asset Management LLC grew its stake in Griffon by 343.5% during the fourth 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 period. Institutional investors and hedge funds own 73.22% of the company’s stock.

Insider Activity

In other Griffon news, Director Cheryl L. Turnbull sold 3,000 shares of the company’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 sale, the director now owns 30,730 shares in the company, valued at $2,482,984. This represents a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 10.20% of the company’s stock.

Griffon Trading Down 2.1 %

Shares of GFF opened at $68.20 on Friday. Griffon Co. has a one year low of $55.01 and a one year high of $86.73. The stock has a 50-day moving average price of $73.45 and a 200 day moving average price of $72.95. 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 company has a market capitalization of $3.28 billion, a P/E ratio of 13.92 and a beta of 1.26.

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 analysts’ consensus estimates 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 forecast that Griffon Co. will post 5.55 EPS for the current fiscal 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 paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.06%. Griffon’s dividend payout ratio (DPR) is presently 14.69%.

Analysts Set New Price Targets

GFF has been the topic of a number of research reports. Stephens raised their target price 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 Griffon to a “strong-buy” rating in a research report on Friday, February 14th. StockNews.com downgraded Griffon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on Griffon in a report on Tuesday, April 1st. They set a “buy” rating and a $91.00 target price on the stock. Finally, Raymond James restated a “strong-buy” rating and issued a $95.00 price target (up previously from $92.00) on shares of Griffon in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $97.20.

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.