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.