Fuller & Thaler Asset Management Inc. Has $44.51 Million Stock Holdings in Griffon Co. (NYSE:GFF)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Griffon Co. (NYSE:GFF - Free Report) by 95,382.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,457 shares of the conglomerate's stock after purchasing an additional 623,803 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.31% of Griffon worth $44,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in shares of Griffon during the 4th quarter worth about $30,000. Grove Bank & Trust purchased a new position in shares of Griffon during the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new position in shares of Griffon during the 4th quarter worth approximately $37,000. Headlands Technologies LLC purchased a new position in Griffon in the fourth quarter valued at $64,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Griffon by 343.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate's stock worth $78,000 after buying an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company's stock.

Insider Transactions at Griffon

In other news, Director Cheryl L. Turnbull sold 3,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $80.80, for a total value of $242,400.00. Following the completion of the transaction, the director now owns 30,730 shares of the company's stock, valued at approximately $2,482,984. This represents 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 Stock Performance

Shares of Griffon stock traded up $0.44 during trading on Tuesday, reaching $67.58. The company's stock had a trading volume of 72,045 shares, compared to its average volume of 442,528. Griffon Co. has a one year low of $55.01 and a one year high of $86.73. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 13.77 and a beta of 1.26. The business's fifty day moving average price is $70.10 and its 200-day moving average price is $72.87.

Griffon (NYSE:GFF - Get Free Report) last announced its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Griffon Co. will post 5.55 earnings per share for the current year.

Griffon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 25th. Griffon's dividend payout ratio (DPR) is 14.69%.

Analysts Set New Price Targets

GFF has been the topic of several recent analyst reports. Loop Capital upgraded Griffon to a "strong-buy" rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Griffon in a research report on Tuesday, April 1st. They set a "buy" rating and a $91.00 price target for the company. Raymond James reiterated a "strong-buy" rating and issued a $95.00 target price (up from $92.00) on shares of Griffon in a report on Thursday, February 6th. StockNews.com downgraded shares of Griffon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, Stephens boosted their price objective on shares of Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $97.20.

About Griffon

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.