California State Teachers Retirement System Acquires 10,094 Shares of Griffon Corporation $GFF

Key Points

• California State Teachers Retirement System increased its Griffon stake by 29% in the first quarter, purchasing 10,094 shares and bringing its holdings to 44,910 shares valued at approximately $3.3 million. Institutional investors collectively own 73.22% of GFF.
• Griffon exceeded quarterly expectations with earnings of $1.51 per share and revenue of $481.4 million, although revenue declined 21.5% year over year. The company also declared a quarterly dividend of $0.22 per share.
• Analysts maintain a generally positive outlook, with a consensus “Buy” rating and an average price target of $122.50. However, insiders—including the CEO and COO—recently sold shares under pre-arranged trading plans.

California State Teachers Retirement System raised its holdings in Griffon Corporation (NYSE:GFF - Free Report) by 29.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,910 shares of the conglomerate's stock after purchasing an additional 10,094 shares during the quarter. California State Teachers Retirement System owned 0.10% of Griffon worth $3,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in Griffon by 149.6% in the fourth quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate's stock valued at $26,000 after acquiring an additional 211 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Griffon during the 1st quarter valued at approximately $29,000. Hilton Head Capital Partners LLC bought a new position in Griffon during the 4th quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in Griffon by 362.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate's stock worth $36,000 after purchasing an additional 388 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Griffon in the 2nd quarter worth approximately $37,000. Institutional investors own 73.22% of the company's stock.

Griffon Stock Down 0.1%

GFF stock opened at $107.16 on Monday. The stock's 50 day simple moving average is $91.92 and its 200 day simple moving average is $86.08. The company has a market cap of $4.85 billion, a P/E ratio of 27.34 and a beta of 1.44. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.79 and a current ratio of 2.41. Griffon Corporation has a fifty-two week low of $65.01 and a fifty-two week high of $108.57.

Griffon (NYSE:GFF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The conglomerate reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.17. The firm had revenue of $481.37 million during the quarter, compared to analysts' expectations of $457.70 million. Griffon had a return on equity of 249.31% and a net margin of 8.08%.The company's revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. On average, research analysts expect that Griffon Corporation will post 5.33 earnings per share for the current fiscal year.

Griffon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Griffon's dividend payout ratio (DPR) is currently 22.45%.

Insider Buying and Selling at Griffon

In other Griffon news, CEO Ronald J. Kramer sold 100,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $102.42, for a total value of $10,242,000.00. Following the transaction, the chief executive officer directly owned 1,684,297 shares of the company's stock, valued at approximately $172,505,698.74. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert F. Mehmel sold 14,852 shares of Griffon stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $105.18, for a total transaction of $1,562,133.36. Following the transaction, the chief operating officer owned 748,839 shares of the company's stock, valued at $78,762,886.02. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 266,450 shares of company stock valued at $26,380,753. 10.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on GFF. Stephens upped their price objective on shares of Griffon from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday. Zacks Research raised shares of Griffon from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Wall Street Zen lowered shares of Griffon from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Robert W. Baird set a $125.00 price target on Griffon in a report on Thursday. Finally, Weiss Ratings lowered Griffon from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Griffon currently has a consensus rating of "Buy" and an average price target of $122.50.

Key Headlines Impacting 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.

Griffon Company Profile

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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