Universal Beteiligungs und Servicegesellschaft mbH Has $5.53 Million Stock Position in Griffon Corporation (NYSE:GFF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its Holdings in **Griffon Corporation** by 11.0%, owning approximately 0.16% of the company, worth about $5.53 million.
• Analysts have a consensus rating for Griffon as a "Strong Buy" and have set a price target of $98.20 after recent upgrades from multiple firms.
• Griffon Corporation recently reported a quarterly earnings per share (EPS) of $1.23, beating estimates, but noted a revenue decline of 9.1% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Griffon Corporation (NYSE:GFF - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,281 shares of the conglomerate's stock after buying an additional 7,681 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Griffon worth $5,526,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. increased its stake in Griffon by 4.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,934 shares of the conglomerate's stock valued at $280,000 after purchasing an additional 154 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Griffon by 4.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,977 shares of the conglomerate's stock valued at $355,000 after acquiring an additional 198 shares during the period. McIlrath & Eck LLC grew its position in 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 acquiring an additional 202 shares during the period. Signaturefd LLC grew its position in Griffon by 72.9% during the first quarter. Signaturefd LLC now owns 555 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 234 shares during the period. Finally, Keeley Teton Advisors LLC grew its position in Griffon by 5.8% during the fourth quarter. Keeley Teton Advisors LLC now owns 5,500 shares of the conglomerate's stock valued at $392,000 after acquiring an additional 300 shares during the period. 73.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GFF shares. Wall Street Zen raised Griffon from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th. Robert W. Baird increased their target price on Griffon from $92.00 to $100.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $100.00 target price (up previously from $95.00) on shares of Griffon in a report on Friday, May 9th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus target price of $98.20.

Griffon Stock Down 1.5%

NYSE GFF traded down $1.26 during trading on Thursday, hitting $80.38. 53,547 shares of the company traded hands, compared to its average volume of 369,420. The company has a current ratio of 2.78, a quick ratio of 1.48 and a debt-to-equity ratio of 7.12. The business has a fifty day simple moving average of $73.61 and a 200 day simple moving average of $72.72. The company has a market capitalization of $3.78 billion, a P/E ratio of 16.65, a PEG ratio of 0.90 and a beta of 1.14. Griffon Corporation has a 12 month low of $55.01 and a 12 month high of $86.73.

Griffon (NYSE:GFF - Get Free Report) last announced 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. The business had revenue of $611.75 million for the quarter, compared to the consensus estimate of $618.23 million. Griffon had a return on equity of 114.46% and a net margin of 9.06%. Griffon's revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. As a group, sell-side analysts predict that Griffon Corporation will post 5.55 EPS for the current year.

Griffon Dividend Announcement

The company also recently announced 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 of this dividend was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.90%. Griffon's dividend payout ratio (DPR) is currently 14.91%.

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.