Insider Selling: Griffon (NYSE:GFF) SVP Sells $1,431,600.00 in Stock

Griffon Corporation (NYSE:GFF) SVP Seth Kaplan sold 15,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $95.44, for a total value of $1,431,600.00. Following the completion of the sale, the senior vice president directly owned 119,747 shares of the company’s stock, valued at approximately $11,428,653.68. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Griffon Price Performance

Shares of NYSE GFF opened at $93.52 on Friday. The stock has a market cap of $4.36 billion, a P/E ratio of 101.66, a P/E/G ratio of 1.53 and a beta of 1.33. Griffon Corporation has a twelve month low of $63.92 and a twelve month high of $97.58. The stock has a 50 day moving average of $80.95 and a two-hundred day moving average of $77.16. The company has a current ratio of 2.55, a quick ratio of 1.27 and a debt-to-equity ratio of 12.36.

Griffon (NYSE:GFF) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $649.09 million for the quarter, compared to analysts’ expectations of $618.35 million. Griffon had a net margin of 1.76% and a return on equity of 228.83%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, research analysts forecast that Griffon Corporation will post 5.55 earnings per share for the current year.

Griffon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, February 27th. This represents a $0.88 annualized dividend and a dividend yield of 0.9%. Griffon’s dividend payout ratio is 95.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its position in shares of Griffon by 1.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,299 shares of the conglomerate’s stock worth $759,000 after purchasing an additional 132 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Griffon by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,929 shares of the conglomerate’s stock valued at $658,000 after purchasing an additional 136 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Griffon by 30.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 585 shares of the conglomerate’s stock worth $43,000 after buying an additional 137 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Griffon by 15.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the conglomerate’s stock worth $79,000 after buying an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Griffon by 33.0% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the conglomerate’s stock valued at $41,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on GFF shares. CJS Securities raised Griffon to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Griffon in a research note on Monday, December 29th. Robert W. Baird set a $108.00 price target on Griffon in a report on Friday, February 6th. Zacks Research raised shares of Griffon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Stephens raised their target price on shares of Griffon from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $103.50.

Griffon Company Profile

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.