Griffon Corporation $GFF Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Griffon Corporation (NYSE:GFF) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,236 shares of the conglomerate’s stock after selling 14,459 shares during the period. ProShare Advisors LLC owned approximately 0.20% of Griffon worth $6,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its holdings in Griffon by 8,720.0% during the 2nd quarter. IFP Advisors Inc now owns 441 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 436 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Griffon by 151.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 438 shares of the conglomerate’s stock valued at $32,000 after buying an additional 264 shares during the last quarter. Signaturefd LLC boosted its position in Griffon by 72.9% in the 1st quarter. Signaturefd LLC now owns 555 shares of the conglomerate’s stock valued at $40,000 after buying an additional 234 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Griffon by 11,460.0% during the first quarter. Brooklyn Investment Group now owns 578 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 573 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Griffon by 1,049.1% during the second quarter. AlphaQuest LLC now owns 609 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 556 shares during the last quarter. 73.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on GFF. Weiss Ratings restated a “hold (c-)” rating on shares of Griffon in a research note on Tuesday. Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Griffon from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Robert W. Baird upped their price target on shares of Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $98.20.

Griffon Price Performance

Shares of GFF opened at $71.74 on Thursday. Griffon Corporation has a 52 week low of $63.92 and a 52 week high of $86.73. The company has a current ratio of 2.70, a quick ratio of 1.38 and a debt-to-equity ratio of 22.58. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 1.02 and a beta of 1.14. The stock has a 50 day moving average of $75.83 and a 200-day moving average of $74.29.

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.