Griffon Corporation (GFF) Director Louis J. Grabowsky Purchases 11,000 Shares

Griffon Corporation (NYSE:GFF) Director Louis J. Grabowsky bought 11,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $23.30 per share, for a total transaction of $256,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Griffon Corporation (NYSE:GFF) traded up $0.65 on Tuesday, hitting $22.90. The company’s stock had a trading volume of 94,200 shares, compared to its average volume of 122,274. Griffon Corporation has a one year low of $17.65 and a one year high of $27.15. The firm has a market cap of $1,063.28, a price-to-earnings ratio of 25.86 and a beta of 1.42. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.15 and a current ratio of 2.96.

Griffon Corporation (NYSE:GFF) last posted its quarterly earnings results on Thursday, November 16th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $430.80 million for the quarter. Griffon Corporation had a return on equity of 9.60% and a net margin of 0.80%. During the same period in the prior year, the company posted $0.27 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, November 29th will be given a dividend of $0.07 per share. This is a positive change from Griffon Corporation’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, November 28th. Griffon Corporation’s dividend payout ratio is currently 70.59%.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/21/griffon-corporation-gff-director-louis-j-grabowsky-purchases-11000-shares.html.

Separately, BidaskClub lowered Griffon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Griffon Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock valued at $156,000 after acquiring an additional 1,066 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Griffon Corporation by 75.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after buying an additional 5,673 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Griffon Corporation during the 2nd quarter worth $297,000. Crossmark Global Holdings Inc. bought a new position in Griffon Corporation during the 3rd quarter worth $346,000. Finally, Voya Investment Management LLC grew its stake in Griffon Corporation by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after buying an additional 1,511 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

About Griffon Corporation

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).

Receive News & Ratings for Griffon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply