Bayesian Capital Management LP Purchases Shares of 4,513 Griffon Co. (NYSE:GFF)

Bayesian Capital Management LP acquired a new position in shares of Griffon Co. (NYSE:GFF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,513 shares of the conglomerate's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new position in shares of Griffon in the 4th quarter valued at $30,000. Grove Bank & Trust acquired a new position in shares of Griffon in the fourth quarter worth about $33,000. R Squared Ltd purchased a new position in shares of Griffon in the fourth quarter worth approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of Griffon during the fourth quarter valued at approximately $64,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Griffon by 343.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate's stock valued at $78,000 after acquiring an additional 845 shares in the last quarter. 73.22% of the stock is owned by institutional investors and hedge funds.

Griffon Stock Down 2.7 %

GFF opened at $67.75 on Thursday. The company has a market capitalization of $3.26 billion, a PE ratio of 13.83 and a beta of 1.17. The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.34. Griffon Co. has a fifty-two week low of $55.01 and a fifty-two week high of $86.73. The business has a 50-day moving average of $69.62 and a 200-day moving average of $72.85.

Griffon (NYSE:GFF - Get Free Report) last posted its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, beating 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 forecast that Griffon Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GFF. Deutsche Bank Aktiengesellschaft began coverage on shares of Griffon in a research note on Tuesday, April 1st. They set a "buy" rating and a $91.00 target price on the stock. Loop Capital raised Griffon to a "strong-buy" rating in a research note on Friday, February 14th. StockNews.com cut Griffon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Stephens increased their price target on shares of Griffon from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $95.00 price objective (up from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.

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