Capital Fund Management S.A. Makes New $1.23 Million Investment in Griffon Co. (NYSE:GFF)

Capital Fund Management S.A. bought a new stake in Griffon Co. (NYSE:GFF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,287 shares of the conglomerate's stock, valued at approximately $1,232,000.

Several other large investors have also bought and sold shares of the business. Arcadia Investment Management Corp MI boosted its holdings in shares of Griffon by 35.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 23,551 shares of the conglomerate's stock worth $1,678,000 after buying an additional 6,125 shares in the last quarter. Norges Bank bought a new position in Griffon in the 4th quarter worth about $21,451,000. Charles Schwab Investment Management Inc. boosted its position in shares of Griffon by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,200 shares of the conglomerate's stock valued at $38,358,000 after acquiring an additional 18,274 shares during the last quarter. Principal Financial Group Inc. raised its position in Griffon by 4.4% during the third quarter. Principal Financial Group Inc. now owns 224,679 shares of the conglomerate's stock valued at $15,728,000 after purchasing an additional 9,417 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Griffon by 57.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 27,247 shares of the conglomerate's stock worth $1,942,000 after purchasing an additional 9,896 shares during the last quarter. 73.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on GFF shares. Stephens raised their price objective on Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on Griffon in a research note on Tuesday, April 1st. They issued a "buy" rating and a $91.00 price objective on the stock. StockNews.com cut shares of Griffon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Loop Capital raised shares of Griffon to a "strong-buy" rating in a report on Friday, February 14th. 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 note on Thursday, February 6th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Griffon presently has an average rating of "Buy" and an average price target of $97.20.

Griffon Stock Performance

NYSE:GFF traded down $2.68 during mid-day trading on Monday, reaching $65.49. The stock had a trading volume of 35,059 shares, compared to its average volume of 435,802. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. Griffon Co. has a twelve month low of $55.01 and a twelve month high of $86.73. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 13.40 and a beta of 1.26. The business has a 50 day simple moving average of $71.38 and a 200 day simple moving average of $72.94.

Griffon (NYSE:GFF - Get Free Report) last released its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.11. Griffon had a return on equity of 120.61% and a net margin of 9.13%. On average, analysts expect that Griffon Co. will post 5.55 earnings per share for the current fiscal year.

Griffon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, February 25th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, February 25th. Griffon's dividend payout ratio (DPR) is 14.69%.

Insider Activity at Griffon

In related news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $80.80, for a total value of $242,400.00. Following the sale, the director now owns 30,730 shares of the company's stock, valued at approximately $2,482,984. The trade was a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.20% of the company's stock.

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.