Jane Street Group LLC Has $9.27 Million Holdings in Griffon Co. (NYSE:GFF)

Jane Street Group LLC cut its stake in shares of Griffon Co. (NYSE:GFF - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,102 shares of the conglomerate's stock after selling 218,805 shares during the period. Jane Street Group LLC owned approximately 0.27% of Griffon worth $9,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new position in shares of Griffon during the fourth quarter worth $30,000. Grove Bank & Trust bought a new position in Griffon during the fourth quarter worth about $33,000. R Squared Ltd acquired a new position in Griffon in the fourth quarter valued at about $37,000. Headlands Technologies LLC bought a new stake in shares of Griffon in the fourth quarter worth about $64,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Griffon by 343.5% during the fourth 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 period. Institutional investors own 73.22% of the company's stock.

Wall Street Analyst Weigh In

GFF has been the subject of several research analyst reports. Loop Capital upgraded Griffon to a "strong-buy" rating in a research report on Friday, February 14th. Raymond James reissued a "strong-buy" rating and issued a $100.00 target price (up previously from $95.00) on shares of Griffon in a research report on Friday. StockNews.com upgraded Griffon from a "buy" rating to a "strong-buy" rating in a research note on Friday. Stephens raised their price target on shares of Griffon from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Griffon in a report on Tuesday, April 1st. They issued a "buy" rating and a $91.00 price objective on the stock. Three investment 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 company has an average rating of "Strong Buy" and an average price target of $98.20.

Griffon Stock Up 2.5%

GFF traded up $1.80 on Tuesday, hitting $74.73. 108,491 shares of the company were exchanged, compared to its average volume of 440,836. The stock's fifty day moving average is $69.71 and its 200-day moving average is $73.10. Griffon Co. has a 12 month low of $55.01 and a 12 month 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 company has a market cap of $3.59 billion, a PE ratio of 15.25 and a beta of 1.17.

Griffon (NYSE:GFF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The conglomerate reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. The firm had revenue of $611.75 million for the quarter, compared to analyst estimates of $618.23 million. Griffon had a return on equity of 120.61% and a net margin of 9.13%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. Equities research analysts predict that Griffon Co. will post 5.55 EPS for the current fiscal year.

Griffon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.96%. Griffon's payout ratio is 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.