Ruffer LLP Acquires New Holdings in Griffon Corporation (NYSE:GFF)

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

Other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC boosted its position in shares of Griffon by 116.1% during the fourth quarter. McIlrath & Eck LLC now owns 376 shares of the conglomerate's stock valued at $27,000 after buying an additional 202 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Griffon by 72.9% during the first quarter. Signaturefd LLC now owns 555 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 234 shares during the period. Headlands Technologies LLC purchased a new stake in Griffon in the 4th quarter worth approximately $64,000. CWM LLC grew its position in shares of Griffon by 26.1% in the 1st quarter. CWM LLC now owns 2,000 shares of the conglomerate's stock worth $143,000 after buying an additional 414 shares during the period. Finally, GAMMA Investing LLC raised its stake in Griffon by 153.1% during the first quarter. GAMMA Investing LLC now owns 2,718 shares of the conglomerate's stock valued at $194,000 after buying an additional 1,644 shares during the last quarter. 73.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Griffon Price Performance

Shares of Griffon stock traded down $2.14 during trading on Thursday, hitting $68.88. 747,103 shares of the company were exchanged, compared to its average volume of 382,724. The firm has a 50 day moving average price of $74.76 and a 200 day moving average price of $72.87. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a quick ratio of 1.48, a current ratio of 2.78 and a debt-to-equity ratio of 7.12. Griffon Corporation has a fifty-two week low of $56.52 and a fifty-two week high of $86.73.

Griffon (NYSE:GFF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The conglomerate reported $1.50 EPS for the quarter, hitting analysts' consensus estimates of $1.50. The firm had revenue of $613.63 million during the quarter, compared to the consensus estimate of $649.95 million. Griffon had a return on equity of 114.46% and a net margin of 9.06%. The firm's revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. On average, equities analysts expect that Griffon Corporation will post 5.55 earnings per share for the current fiscal year.

Griffon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 29th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Griffon's dividend payout ratio (DPR) is presently 53.73%.

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.