Griffon (NYSE:GFF) Hits New 1-Year High at $36.36

Shares of Griffon Co. (NYSE:GFFGet Rating) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.36 and last traded at $35.46, with a volume of 1269 shares changing hands. The stock had previously closed at $36.16.

Analyst Ratings Changes

GFF has been the topic of a number of research analyst reports. TheStreet cut shares of Griffon from a “b” rating to a “c” rating in a report on Thursday, November 17th. StockNews.com began coverage on shares of Griffon in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Griffon Stock Performance

The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -9.47 and a beta of 1.55. The stock’s 50 day moving average is $31.60 and its 200 day moving average is $30.42. The company has a current ratio of 2.87, a quick ratio of 1.29 and a debt-to-equity ratio of 3.27.

Griffon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Tuesday, November 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. This is a positive change from Griffon’s previous quarterly dividend of $0.09. Griffon’s dividend payout ratio is -9.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Griffon during the 1st quarter worth approximately $1,827,000. GSA Capital Partners LLP acquired a new position in shares of Griffon during the 1st quarter worth approximately $234,000. Bailard Inc. acquired a new position in shares of Griffon during the 2nd quarter worth approximately $609,000. Victory Capital Management Inc. grew its position in shares of Griffon by 44.2% during the 1st quarter. Victory Capital Management Inc. now owns 26,758 shares of the conglomerate’s stock worth $501,000 after purchasing an additional 8,203 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its position in shares of Griffon by 14.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 272,850 shares of the conglomerate’s stock worth $5,465,000 after purchasing an additional 34,302 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Griffon

(Get Rating)

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools, as well as cleaning products for professional, home, and industrial use.

See Also

Receive News & Ratings for Griffon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon and related companies with MarketBeat.com's FREE daily email newsletter.