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NYSE:GFF

Griffon - GFF Stock Forecast, Price & News

$31.17
-1.05 (-3.26%)
(As of 08/9/2022 05:24 PM ET)
Add
Compare
Today's Range
$30.96
$32.40
50-Day Range
$25.96
$33.27
52-Week Range
$17.56
$33.38
Volume
886,291 shs
Average Volume
410,664 shs
Market Capitalization
$1.78 billion
P/E Ratio
6.94
Dividend Yield
1.12%
Price Target
$42.00

Griffon MarketRank™ Forecast

Analyst Rating
Strong Buy
3.50 Rating Score
Upside/​Downside
34.7% Upside
$42.00 Price Target
Short Interest
Healthy
2.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.36mentions of Griffon in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.10%
From $3.81 to $3.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Multi-Sector Conglomerates Sector

2nd out of 12 stocks

Metal Doors, Sash, & Trim Industry

1st out of 3 stocks

GFF stock logo

About Griffon (NYSE:GFF) Stock

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools, as well as cleaning products for professional, home, and industrial use. The company's Home & Building Products segment manufactures and markets residential and commercial garage doors for professional dealers and various home center retail chains; and rolling steel door and grille products for commercial, industrial, institutional, and retail uses. It sells its products under the True Temper, AMES, ClosetMaid, Clopay, Ideal, Holmes, CornellCookson, Garant, Harper, UnionTools, Westmix, Cyclone, Southern Patio, Northcote Pottery, Nylex, Hills, Kelkay, Tuscan Path, La Hacienda, Kelso, Dynamic Design, Apta, Quatro Design, Razor-Back, Jackson, Darby, Trojan, Supercraft, NeverLeak, Maximum Load, SuperSlide, ShelfTrack, MasterSuite, Suite Symphony, ExpressShelf, Style+, and SpaceCreations brand names. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1959 and is headquartered in New York, New York.

Griffon Price Performance

Shares of NYSE:GFF opened at $32.22 on Tuesday. The stock has a market capitalization of $1.84 billion, a PE ratio of 7.18 and a beta of 1.67. The company has a current ratio of 2.26, a quick ratio of 1.07 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $28.67 and a 200-day moving average of $24.70. Griffon has a 12 month low of $17.56 and a 12 month high of $33.38.

Griffon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 18th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 17th. Griffon's dividend payout ratio (DPR) is presently 8.02%.

Analysts Set New Price Targets

Several analysts have weighed in on GFF shares. Raymond James upgraded shares of Griffon from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $33.00 to $40.00 in a research note on Monday, May 2nd. Robert W. Baird boosted their target price on shares of Griffon from $40.00 to $44.00 in a research report on Tuesday, May 17th.

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GFF Stock News Headlines

Griffon (NYSE:GFF) Earns Maintains Rating from Raymond James
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GFF Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 7/20 Dividend
7/07/2022
Dividend Payable
7/20/2022
Today
8/09/2022
Ex-Dividend for 9/15 Dividend
8/17/2022
Dividend Payable
9/15/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/15/2022

Industry, Sector and Symbol

Industry
Metal doors, sash, & trim
Sub-Industry
Building Products
CUSIP
39843310
Employees
6,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$42.00
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+34.7%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$79.21 million
Pretax Margin
7.43%

Debt

Sales & Book Value

Annual Sales
$2.27 billion
Cash Flow
$2.60 per share
Book Value
$14.24 per share

Miscellaneous

Free Float
51,757,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.67

Key Executives

  • Mr. Ronald J. Kramer (Age 64)
    Chairman & CEO
    Comp: $10.1M
  • Mr. Robert F. Mehmel (Age 60)
    Pres & COO
    Comp: $3.33M
  • Mr. Brian G. Harris (Age 53)
    Sr. VP & CFO
    Comp: $1.37M
  • Mr. Seth L. Kaplan (Age 53)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.33M
  • Mr. W. Christopher Durborow
    VP, Controller & Chief Accounting Officer
  • Mr. Michael A. Sarrica
    Pres of The AMES Companies
  • Thomas D. Gibbons
    VP & Treasurer
  • Mr. Victor L. Weldon
    Pres of Clopay Building Products













GFF Stock - Frequently Asked Questions

Should I buy or sell Griffon stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Griffon in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" GFF shares.
View GFF analyst ratings
or view top-rated stocks.

What is Griffon's stock price forecast for 2022?

2 Wall Street research analysts have issued 1-year target prices for Griffon's shares. Their GFF share price forecasts range from $40.00 to $44.00. On average, they predict the company's share price to reach $42.00 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for GFF
or view top-rated stocks among Wall Street analysts.

How has Griffon's stock performed in 2022?

Griffon's stock was trading at $28.48 at the beginning of the year. Since then, GFF shares have increased by 11.1% and is now trading at $31.63.
View the best growth stocks for 2022 here
.

Are investors shorting Griffon?

Griffon saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,120,000 shares, an increase of 20.0% from the June 30th total of 933,500 shares. Based on an average daily volume of 523,700 shares, the short-interest ratio is presently 2.1 days. Currently, 2.9% of the shares of the stock are sold short.
View Griffon's Short Interest
.

When is Griffon's next earnings date?

Griffon is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our GFF earnings forecast
.

How were Griffon's earnings last quarter?

Griffon Co. (NYSE:GFF) issued its earnings results on Tuesday, November, 16th. The conglomerate reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.05. The conglomerate had revenue of $570.20 million for the quarter, compared to the consensus estimate of $677.02 million. Griffon had a net margin of 8.90% and a trailing twelve-month return on equity of 21.06%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS.

How often does Griffon pay dividends? What is the dividend yield for Griffon?

Griffon declared a quarterly dividend on Thursday, July 28th. Investors of record on Thursday, August 18th will be paid a dividend of $0.09 per share on Thursday, September 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for GFF
.

Is Griffon a good dividend stock?

Griffon (NYSE:GFF) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.17%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GFF will have a dividend payout ratio of 9.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GFF.

What other stocks do shareholders of Griffon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Griffon investors own include Etsy (ETSY), AbbVie (ABBV), Ford Motor (F), NVIDIA (NVDA), QUALCOMM (QCOM), Trade Desk (TTD), VBI Vaccines (VBIV), Advanced Micro Devices (AMD), Skyworks Solutions (SWKS) and Verizon Communications (VZ).

What is Griffon's stock symbol?

Griffon trades on the New York Stock Exchange (NYSE) under the ticker symbol "GFF."

Who are Griffon's major shareholders?

Griffon's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.74%), Royce & Associates LP (0.98%), Peregrine Capital Management LLC (0.89%), Rock Creek Group LP (0.79%), Smith Graham & Co. Investment Advisors LP (0.53%) and ProShare Advisors LLC (0.48%). Insiders that own company stock include Henry A Alpert, Jerome L Coben, Kevin F Sullivan, Louis J Grabowsky and Seth L Kaplan.
View institutional ownership trends
.

How do I buy shares of Griffon?

Shares of GFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Griffon's stock price today?

One share of GFF stock can currently be purchased for approximately $31.63.

How much money does Griffon make?

Griffon (NYSE:GFF) has a market capitalization of $1.80 billion and generates $2.27 billion in revenue each year. The conglomerate earns $79.21 million in net income (profit) each year or $4.49 on an earnings per share basis.

How many employees does Griffon have?

Griffon employs 6,700 workers across the globe.

How can I contact Griffon?

Griffon's mailing address is 712 FIFTH AVENUE 18th Floor, NEW YORK NY, 10019. The official website for the company is www.griffon.com. The conglomerate can be reached via phone at (212) 957-5000, via email at ir@griffon.com, or via fax at 212-957-5040.

This page (NYSE:GFF) was last updated on 8/9/2022 by MarketBeat.com Staff

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