39,054 Shares in Griffon Corporation (NYSE:GFF) Bought by Ruffer LLP

Ruffer LLP purchased a new stake in shares of Griffon Corporation (NYSE:GFF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,054 shares of the conglomerate's stock, valued at approximately $2,792,000. Ruffer LLP owned 0.08% of Griffon as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in Griffon by 83.2% during the fourth quarter. American Century Companies Inc. now owns 41,750 shares of the conglomerate's stock worth $2,976,000 after purchasing an additional 18,966 shares during the period. Norges Bank purchased a new position in Griffon during the fourth quarter worth about $21,451,000. Pictet Asset Management Holding SA raised its stake in Griffon by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,977 shares of the conglomerate's stock worth $355,000 after purchasing an additional 198 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Griffon during the fourth quarter worth about $214,000. Finally, National Bank of Canada FI raised its stake in Griffon by 4.5% during the fourth quarter. National Bank of Canada FI now owns 17,032 shares of the conglomerate's stock worth $1,214,000 after purchasing an additional 731 shares during the period. Institutional investors and hedge funds own 73.22% of the company's stock.

Griffon Stock Up 0.8%

Shares of Griffon stock traded up $0.64 during trading hours on Tuesday, hitting $82.19. The company had a trading volume of 417,893 shares, compared to its average volume of 293,835. The company has a market cap of $3.87 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09. The company's 50-day moving average is $74.44 and its two-hundred day moving average is $72.82. The company has a debt-to-equity ratio of 7.12, a current ratio of 2.78 and a quick ratio of 1.48. Griffon Corporation has a twelve month low of $55.01 and a twelve month high of $86.73.

Griffon (NYSE:GFF - Get Free Report) last released its earnings results on Thursday, May 8th. The conglomerate reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. Griffon had a net margin of 9.06% and a return on equity of 114.46%. The company had revenue of $611.75 million during the quarter, compared to analysts' expectations of $618.23 million. During the same quarter last year, the business earned $1.35 EPS. The business's revenue was down 9.1% on a year-over-year basis. Analysts anticipate that Griffon Corporation will post 5.55 earnings per share for the current fiscal year.

Griffon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Griffon's dividend payout ratio (DPR) is 14.91%.

Wall Street Analyst Weigh In

GFF has been the topic of a number of research analyst reports. Raymond James Financial reissued a "strong-buy" rating and issued a $100.00 price target (up from $95.00) on shares of Griffon in a research note on Friday, May 9th. Robert W. Baird boosted their price target on shares of Griffon from $92.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Griffon from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Griffon presently has an average rating of "Strong Buy" and a consensus price target of $98.20.

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.