Griffon (NYSE:GFF) Given New $100.00 Price Target at Robert W. Baird

Griffon (NYSE:GFF - Get Free Report) had its price objective increased by investment analysts at Robert W. Baird from $92.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's price target points to a potential upside of 22.88% from the company's previous close.

Several other research analysts have also commented on GFF. Raymond James Financial reissued a "strong-buy" rating and set a $100.00 price objective (up previously from $95.00) on shares of Griffon in a report on Friday, May 9th. Wall Street Zen upgraded shares of Griffon from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Griffon in a research report on Tuesday, April 1st. They issued a "buy" rating and a $91.00 price objective on the stock. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and an average target price of $98.20.

Griffon Price Performance

NYSE GFF traded down $0.05 during trading hours on Tuesday, hitting $81.38. The company had a trading volume of 169,168 shares, compared to its average volume of 374,527. The firm has a 50 day simple moving average of $72.40 and a 200 day simple moving average of $72.29. The company has a debt-to-equity ratio of 7.12, a quick ratio of 1.48 and a current ratio of 2.78. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.89 and a beta of 1.14. Griffon has a 52 week low of $55.01 and a 52 week high of $86.73.

Griffon (NYSE:GFF - Get Free Report) last released 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 analysts' expectations of $618.23 million. Griffon had a net margin of 9.06% and a return on equity of 114.46%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Equities research analysts expect that Griffon will post 5.55 earnings per share for the current year.

Hedge Funds Weigh In On Griffon

Several institutional investors and hedge funds have recently bought and sold shares of GFF. Jefferies Financial Group Inc. bought a new position in Griffon during the 1st quarter worth approximately $53,994,000. Fuller & Thaler Asset Management Inc. grew its position in Griffon by 95,382.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 624,457 shares of the conglomerate's stock worth $44,505,000 after acquiring an additional 623,803 shares during the last quarter. Raymond James Financial Inc. bought a new position in Griffon during the 4th quarter worth approximately $43,325,000. Nuveen LLC bought a new position in Griffon during the 1st quarter worth approximately $22,108,000. Finally, Norges Bank bought a new position in Griffon during the 4th quarter worth approximately $21,451,000. 73.22% of the stock is currently owned by institutional investors.

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.