Griffon Corporation (NYSE:GFF – Get Free Report) COO Robert Mehmel sold 22,209 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $102.08, for a total value of $2,267,094.72. Following the completion of the sale, the chief operating officer directly owned 763,691 shares in the company, valued at $77,957,577.28. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Griffon Stock Performance Shares of GFF stock opened at $107.16 on Monday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 27.34 and a beta of 1.44. The stock has a fifty day moving average of $91.92 and a 200 day moving average of $86.08. Griffon Corporation has a 52 week low of $65.01 and a 52 week high of $108.57. The company has a quick ratio of 1.79, a current ratio of 2.41 and a debt-to-equity ratio of 9.75.
Griffon (NYSE:GFF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.17. The company had revenue of $481.37 million for the quarter, compared to analysts’ expectations of $457.70 million. Griffon had a net margin of 8.08% and a return on equity of 249.31%. Griffon’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, research analysts expect that Griffon Corporation will post 5.33 earnings per share for the current year.
Griffon Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.88 annualized dividend and a yield of 0.8%. Griffon’s payout ratio is presently 22.45%.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of GFF. BlackRock Inc. bought a new position in shares of Griffon in the 2nd quarter worth approximately $590,633,000. Deutsche Bank AG purchased a new stake in Griffon during the second quarter valued at approximately $4,170,000. Rice Hall James & Associates LLC purchased a new stake in Griffon during the second quarter valued at approximately $2,694,000. Trust Co. of Vermont bought a new position in Griffon in the second quarter worth approximately $237,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Griffon during the 2nd quarter worth $960,000. 73.22% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Griffon 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. Analyst Upgrades and Downgrades A number of research analysts have issued reports on GFF shares. Zacks Research upgraded Griffon from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Wall Street Zen downgraded Griffon from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Stephens upped their price target on shares of Griffon from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird set a $125.00 price objective on shares of Griffon in a research report on Thursday. Finally, Weiss Ratings cut shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Two investment 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 stock. According to MarketBeat.com, Griffon currently has a consensus rating of “Buy” and a consensus target price of $122.50.
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Griffon Company Profile (Get Free Report)
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.
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