Gamco Investors INC. ET AL Has $38.69 Million Stake in Griffon Co. (NYSE:GFF)

Gamco Investors INC. ET AL lowered its stake in shares of Griffon Co. (NYSE:GFF - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 542,909 shares of the conglomerate's stock after selling 42,975 shares during the quarter. Gamco Investors INC. ET AL owned about 1.14% of Griffon worth $38,693,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GFF. Keeley Teton Advisors LLC grew its holdings in Griffon by 5.8% in the 4th quarter. Keeley Teton Advisors LLC now owns 5,500 shares of the conglomerate's stock valued at $392,000 after buying an additional 300 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Griffon during the fourth quarter valued at about $705,000. Barclays PLC lifted its position in shares of Griffon by 19.0% in the 4th quarter. Barclays PLC now owns 192,130 shares of the conglomerate's stock worth $13,693,000 after acquiring an additional 30,692 shares during the period. Summit Investment Advisors Inc. boosted its stake in Griffon by 4.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,934 shares of the conglomerate's stock worth $280,000 after buying an additional 154 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Griffon by 6.2% during the 4th quarter. Synovus Financial Corp now owns 14,218 shares of the conglomerate's stock valued at $1,013,000 after acquiring an additional 829 shares in the last quarter. Institutional investors own 73.22% of the company's stock.

Insider Buying and Selling at Griffon

In other Griffon news, Director Cheryl L. Turnbull sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total value of $242,400.00. Following the transaction, the director now directly owns 30,730 shares of the company's stock, valued at approximately $2,482,984. This trade represents a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company's stock.

Griffon Price Performance

Shares of NYSE GFF traded down $0.15 during trading on Friday, reaching $68.16. The company had a trading volume of 565,408 shares, compared to its average volume of 437,374. Griffon Co. has a 52 week low of $55.01 and a 52 week 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 business's 50 day moving average price is $71.38 and its 200-day moving average price is $72.91. The stock has a market cap of $3.28 billion, a PE ratio of 13.91 and a beta of 1.26.

Griffon (NYSE:GFF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share (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%. Analysts expect that Griffon Co. will post 5.55 earnings per share for the current year.

Griffon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.72 annualized dividend and a yield of 1.06%. Griffon's dividend payout ratio is currently 14.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GFF shares. Stephens lifted their price objective on Griffon from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com lowered Griffon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 20th. Raymond James restated a "strong-buy" rating and issued a $95.00 target price (up previously from $92.00) on shares of Griffon in a research note on Thursday, February 6th. Loop Capital raised shares of Griffon to a "strong-buy" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Griffon in a research note on Tuesday, April 1st. They set a "buy" rating and a $91.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $97.20.

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.