Robert Mehmel Sells 22,209 Shares of Griffon (NYSE:GFF) Stock

Griffon Corporation (NYSE:GFF) COO Robert Mehmel sold 22,209 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.08, for a total transaction of $2,267,094.72. Following the transaction, the chief operating officer owned 763,691 shares in the company, valued at approximately $77,957,577.28. The trade was a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Stock Up 0.8%

Shares of NYSE GFF opened at $107.16 on Friday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 27.34 and a beta of 1.44. The company has a 50-day moving average price of $91.92 and a 200-day moving average price of $86.07. Griffon Corporation has a 1 year low of $65.01 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 9.75, a current ratio of 2.41 and a quick ratio of 2.43.

Griffon (NYSE:GFF) last posted its earnings results on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The company had revenue of $481.37 million for the quarter, compared to analyst estimates of $457.70 million. During the same quarter in the prior year, the business posted $1.50 EPS. The firm’s revenue was down 21.5% compared to the same quarter last year. On average, equities research analysts forecast that Griffon Corporation will post 5.33 EPS for the current fiscal year.

Griffon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Griffon’s payout ratio is currently 676.92%.

Hedge Funds Weigh In On Griffon

A number of hedge funds and other institutional investors have recently modified their holdings of GFF. Hantz Financial Services Inc. grew its holdings in shares of Griffon by 149.6% in the fourth quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Griffon during the first quarter worth $29,000. Hilton Head Capital Partners LLC bought a new stake in Griffon during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd boosted its position in Griffon by 362.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 388 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Griffon in the second quarter worth $37,000. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Analyst Ratings Changes

GFF has been the topic of a number of recent research reports. Wall Street Zen lowered Griffon from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Stephens raised their price objective on Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research raised shares of Griffon from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Robert W. Baird set a $125.00 target price on shares of Griffon in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $122.50.

More Griffon News

Here are the key news stories impacting Griffon this week:

• Positive Sentiment: Quarterly earnings beat expectations: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 consensus estimate, while revenue of $481.4 million surpassed expectations of $457.7 million. Pricing improvements and volume growth—particularly from residential demand—helped offset a 21.5% year-over-year revenue decline. Management reaffirmed its fiscal 2026 outlook, supporting the view that operating momentum remains intact. GFF Q3 Earnings Beat Estimates on Pricing and Volume Growth
• Positive Sentiment: Analyst remains bullish after results: An investment analysis reiterated a Buy view, citing Griffon’s more focused business profile and an intact long-term growth story following the earnings release. Griffon Corporation: A Simpler Business With An Intact Growth Story
• Positive Sentiment: Shares reached a new 52-week high: The strong earnings performance and reaffirmed guidance have helped drive GFF to fresh annual highs, signaling strong market momentum. Griffon Reaches New 52-Week High After Strong Earnings
• Neutral Sentiment: Historical financials were recast: Griffon updated fiscal 2023–2025 financial information after strategic AMES transactions. The revisions improve comparability following the company’s portfolio changes, but investors may review the restated figures for any effects on historical trends or reported performance. Griffon Recasts Financials After Strategic AMES Transactions
• Negative Sentiment: Executives sold shares: CEO Ronald J. Kramer sold 100,000 shares for approximately $10.2 million, while COO Robert F. Mehmel sold a combined 37,061 shares worth about $3.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans, and the executives still retain substantial holdings, reducing—but not eliminating—concern about insider selling.

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.