Dynamic Technology Lab Private Ltd Has $1.15 Million Holdings in Griffon Co. (NYSE:GFF)

Dynamic Technology Lab Private Ltd boosted its position in shares of Griffon Co. (NYSE:GFF - Free Report) by 393.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,150 shares of the conglomerate's stock after purchasing an additional 12,877 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Griffon were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Griffon by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,375,843 shares of the conglomerate's stock worth $454,406,000 after buying an additional 177,771 shares during the last quarter. State Street Corp raised its position in shares of Griffon by 4.1% during the 3rd quarter. State Street Corp now owns 1,555,908 shares of the conglomerate's stock valued at $108,914,000 after acquiring an additional 61,210 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Griffon by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 877,840 shares of the conglomerate's stock valued at $61,463,000 after purchasing an additional 30,264 shares during the period. Raymond James Financial Inc. bought a new position in shares of Griffon in the 4th quarter worth $43,325,000. Finally, Boston Partners grew its stake in shares of Griffon by 0.5% during the fourth quarter. Boston Partners now owns 558,118 shares of the conglomerate's stock worth $40,428,000 after purchasing an additional 2,552 shares during the period. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Transactions at Griffon

In other news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $80.80, for a total transaction of $242,400.00. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.20% of the company's stock.

Griffon Stock Performance

Shares of GFF traded down $0.25 during midday trading on Friday, reaching $69.28. The stock had a trading volume of 63,485 shares, compared to its average volume of 432,558. The firm has a market cap of $3.33 billion, a PE ratio of 14.11 and a beta of 1.26. The firm has a 50 day simple moving average of $72.52 and a 200-day simple moving average of $72.91. Griffon Co. has a one year low of $55.01 and a one year high of $86.73. The company has a current ratio of 2.51, a quick ratio of 1.34 and a debt-to-equity ratio of 6.44.

Griffon (NYSE:GFF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Griffon Co. will post 5.55 EPS for the current year.

Griffon Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.72 annualized dividend and a yield of 1.04%. Griffon's dividend payout ratio (DPR) is presently 14.69%.

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.