Griffon (NYSE:GFF) Price Target Raised to $100.00

Griffon (NYSE:GFF - Get Free Report) had its price objective increased by research analysts at Robert W. Baird from $92.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's target price points to a potential upside of 22.80% from the company's current price.

GFF has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft started coverage on Griffon in a report on Tuesday, April 1st. They set a "buy" rating and a $91.00 price target for the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $100.00 price target (up from $95.00) on shares of Griffon in a report on Friday, May 9th. Finally, Wall Street Zen raised Griffon from a "buy" rating to a "strong-buy" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Griffon currently has a consensus rating of "Strong Buy" and an average target price of $98.20.

Griffon Stock Performance

NYSE:GFF traded up $0.08 during mid-day trading on Tuesday, hitting $81.43. 296,103 shares of the company's stock traded hands, compared to its average volume of 408,467. The firm has a 50 day moving average of $72.40 and a two-hundred day moving average of $72.29. Griffon has a 12 month low of $55.01 and a 12 month high of $86.73. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.48 and a debt-to-equity ratio of 7.12.

Griffon (NYSE:GFF - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The conglomerate reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.10. Griffon had a return on equity of 114.46% and a net margin of 9.06%. The company had revenue of $611.75 million during the quarter, compared to the consensus estimate of $618.23 million. During the same quarter last year, the company earned $1.35 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Griffon will post 5.55 earnings per share for the current fiscal year.

Institutional Trading of Griffon

A number of institutional investors and hedge funds have recently bought and sold shares of GFF. McIlrath & Eck LLC lifted its position in shares of Griffon by 116.1% during the 4th quarter. McIlrath & Eck LLC now owns 376 shares of the conglomerate's stock worth $27,000 after buying an additional 202 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Griffon during the 4th quarter worth approximately $30,000. Signaturefd LLC increased its stake in shares of Griffon by 72.9% during the 1st quarter. Signaturefd LLC now owns 555 shares of the conglomerate's stock worth $40,000 after purchasing an additional 234 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Griffon by 11,460.0% during the 1st quarter. Brooklyn Investment Group now owns 578 shares of the conglomerate's stock worth $41,000 after purchasing an additional 573 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Griffon during the 1st quarter worth approximately $49,000. 73.22% of the stock is currently owned by institutional investors and hedge funds.

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.