Griffon Co. (NYSE:GFF) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Griffon Co. (NYSE:GFF) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,892 shares of the conglomerate’s stock after purchasing an additional 18,395 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Griffon were worth $17,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFF. Raymond James Trust N.A. grew its stake in Griffon by 5.1% during the 3rd quarter. Raymond James Trust N.A. now owns 3,487 shares of the conglomerate’s stock valued at $244,000 after acquiring an additional 168 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in shares of Griffon by 5.3% during the fourth quarter. Optimist Retirement Group LLC now owns 3,592 shares of the conglomerate’s stock worth $256,000 after purchasing an additional 181 shares during the period. Axxcess Wealth Management LLC grew its position in Griffon by 5.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,701 shares of the conglomerate’s stock valued at $406,000 after purchasing an additional 319 shares in the last quarter. Colonial River Investments LLC increased its stake in Griffon by 6.5% in the 4th quarter. Colonial River Investments LLC now owns 5,733 shares of the conglomerate’s stock valued at $409,000 after buying an additional 351 shares during the period. Finally, SkyView Investment Advisors LLC lifted its position in Griffon by 1.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 34,780 shares of the conglomerate’s stock worth $2,435,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 73.22% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented 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 upgraded Griffon to a “strong-buy” rating in a research note on Friday, February 14th. Stephens raised their price target on Griffon from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Raymond James reissued a “strong-buy” rating and issued a $95.00 price target (up previously from $92.00) on shares of Griffon in a research note on Thursday, February 6th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $98.75.

Griffon Price Performance

NYSE GFF opened at $74.32 on Wednesday. Griffon Co. has a fifty-two week low of $55.01 and a fifty-two week high of $86.73. The stock’s 50-day moving average is $74.32 and its two-hundred day moving average is $72.63. The firm has a market cap of $3.57 billion, a P/E ratio of 15.17 and a beta of 1.40. The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.34.

Griffon (NYSE:GFF) last issued its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Griffon had a return on equity of 120.61% and a net margin of 9.13%. On average, analysts anticipate that Griffon Co. will post 5.55 earnings per share for the current fiscal year.

Griffon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, February 25th were paid 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 0.97%. Griffon’s payout ratio is presently 14.69%.

About Griffon

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.