Amundi Buys 12,811 Shares of Griffon Co. (NYSE:GFF)

Amundi raised its position in shares of Griffon Co. (NYSE:GFF) by 178.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,009 shares of the conglomerate’s stock after buying an additional 12,811 shares during the period. Amundi’s holdings in Griffon were worth $1,444,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Griffon by 2.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 44,769 shares of the conglomerate’s stock worth $3,134,000 after acquiring an additional 1,257 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Griffon by 14.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 229,497 shares of the conglomerate’s stock worth $16,065,000 after purchasing an additional 28,731 shares during the period. Intech Investment Management LLC grew its holdings in shares of Griffon by 44.2% in the third quarter. Intech Investment Management LLC now owns 25,871 shares of the conglomerate’s stock worth $1,811,000 after acquiring an additional 7,935 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Griffon by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 519,926 shares of the conglomerate’s stock valued at $36,395,000 after purchasing an additional 34,525 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Griffon by 5.1% during the third quarter. Raymond James Trust N.A. now owns 3,487 shares of the conglomerate’s stock valued at $244,000 after buying an additional 168 shares during the last quarter. 73.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

GFF has been the subject of several recent research reports. StockNews.com raised Griffon from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 12th. Robert W. Baird increased their target price on shares of Griffon from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stephens lifted their price target on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Raymond James reiterated a “strong-buy” rating and issued a $95.00 price target (up from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Finally, Loop Capital upgraded shares of Griffon to a “strong-buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of $98.75.

Griffon Stock Down 0.9 %

NYSE GFF opened at $70.03 on Wednesday. Griffon Co. has a 52 week low of $55.01 and a 52 week high of $86.73. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.29 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 6.44. The company has a fifty day moving average of $74.28 and a two-hundred day moving average of $72.31.

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

Griffon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, February 25th. Griffon’s dividend payout ratio is presently 14.69%.

Insider Activity at Griffon

In other news, Director Cheryl L. Turnbull sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $80.80, for a total transaction of $242,400.00. Following the transaction, the director now owns 30,730 shares in the company, valued at approximately $2,482,984. This trade represents a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.20% of the stock is owned by company insiders.

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.