Elo Mutual Pension Insurance Co Purchases New Shares in Griffon Corporation $GFF

Elo Mutual Pension Insurance Co purchased a new position in Griffon Corporation (NYSE:GFF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,482 shares of the conglomerate’s stock, valued at approximately $831,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new stake in shares of Griffon during the 1st quarter valued at $53,994,000. Fuller & Thaler Asset Management Inc. lifted its position in Griffon by 52.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 951,120 shares of the conglomerate’s stock valued at $68,005,000 after acquiring an additional 326,663 shares during the period. Nuveen LLC bought a new stake in Griffon during the first quarter worth about $22,108,000. Voss Capital LP grew its holdings in Griffon by 10.5% in the first quarter. Voss Capital LP now owns 1,332,051 shares of the conglomerate’s stock worth $95,242,000 after purchasing an additional 127,051 shares during the period. Finally, Aberdeen Group plc increased its stake in shares of Griffon by 43.4% during the first quarter. Aberdeen Group plc now owns 259,238 shares of the conglomerate’s stock valued at $18,536,000 after purchasing an additional 78,460 shares in the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Griffon in a research report on Monday, November 17th. Stephens boosted their target price on Griffon from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen raised Griffon from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Zacks Research raised Griffon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $95.60.

Griffon Stock Performance

Shares of GFF opened at $75.00 on Friday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 55.97, a P/E/G ratio of 1.02 and a beta of 1.14. The business’s fifty day simple moving average is $74.15 and its two-hundred day simple moving average is $74.41. Griffon Corporation has a 12 month low of $63.92 and a 12 month high of $84.83. The company has a current ratio of 2.70, a quick ratio of 1.38 and a debt-to-equity ratio of 22.58.

Griffon (NYSE:GFF) last announced its quarterly earnings results on Wednesday, November 19th. The conglomerate reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). Griffon had a net margin of 2.78% and a return on equity of 144.21%. The business had revenue of $662.18 million for the quarter, compared to the consensus estimate of $631.47 million. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Griffon has set its FY 2026 guidance at EPS. Research analysts anticipate that Griffon Corporation will post 5.55 earnings per share for the current fiscal year.

Griffon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 28th will be paid a $0.22 dividend. This is a boost from Griffon’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 28th. Griffon’s dividend payout ratio (DPR) is presently 88.00%.

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.