Griffon Co. (NYSE:GFF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Griffon Co. (NYSE:GFF - Free Report) by 62.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 130,102 shares of the conglomerate's stock after selling 218,805 shares during the period. Jane Street Group LLC owned about 0.27% of Griffon worth $9,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GFF. New Age Alpha Advisors LLC acquired a new stake in Griffon in the 4th quarter valued at about $30,000. Grove Bank & Trust purchased a new stake in shares of Griffon in the fourth quarter valued at about $33,000. R Squared Ltd acquired a new stake in shares of Griffon in the fourth quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new position in shares of Griffon during the 4th quarter worth approximately $64,000. Finally, Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Griffon Stock Down 2.7 %

GFF opened at $67.75 on Thursday. Griffon Co. has a 12 month low of $55.01 and a 12 month high of $86.73. The business has a 50-day moving average of $69.62 and a two-hundred day moving average of $72.85. The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.34. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 13.83 and a beta of 1.17.

Griffon (NYSE:GFF - Get Free Report) last released its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.11. Griffon had a net margin of 9.13% and a return on equity of 120.61%. On average, research analysts expect that Griffon Co. will post 5.55 earnings per share for the current year.

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.

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