416 Shares in Griffon Co. (NYSE:GFF) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Griffon Co. (NYSE:GFF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 416 shares of the conglomerate’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Griffon by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,375,843 shares of the conglomerate’s stock valued at $454,406,000 after purchasing an additional 177,771 shares during the period. State Street Corp boosted its stake in Griffon by 4.1% during the third quarter. State Street Corp now owns 1,555,908 shares of the conglomerate’s stock worth $108,914,000 after buying an additional 61,210 shares in the last quarter. Geode Capital Management LLC increased its holdings in Griffon by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 877,840 shares of the conglomerate’s stock valued at $61,463,000 after buying an additional 30,264 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Griffon in the 4th quarter valued at $43,325,000. Finally, Boston Partners lifted its holdings in shares of Griffon by 0.5% during the 4th quarter. Boston Partners now owns 558,118 shares of the conglomerate’s stock worth $40,428,000 after acquiring an additional 2,552 shares during the period. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon 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 completion of the sale, the director now directly owns 30,730 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.20% of the company’s stock.

Griffon Price Performance

Shares of GFF stock opened at $68.20 on Friday. Griffon Co. has a 52 week low of $55.01 and a 52 week high of $86.73. The stock has a market capitalization of $3.28 billion, a PE ratio of 13.92 and a beta of 1.26. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. The stock’s fifty day moving average is $73.45 and its 200-day moving average is $72.92.

Griffon (NYSE:GFF) last announced its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. Griffon had a net margin of 9.13% and a return on equity of 120.61%. Equities research analysts expect that Griffon Co. will post 5.55 EPS for the current fiscal year.

Griffon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, February 25th were given 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 1.06%. Griffon’s payout ratio is 14.69%.

Analysts Set New Price Targets

GFF has been the subject of several recent research reports. 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 report on Thursday, February 6th. Stephens raised their target price on Griffon from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com cut Griffon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Loop Capital raised Griffon to a “strong-buy” rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Griffon in a research report on Tuesday. They set a “buy” rating and a $91.00 target price for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Griffon has a consensus rating of “Buy” and a consensus price target of $97.20.

Griffon Company 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.