Griffon - GFF Stock Forecast, Price & News

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

1 analysts have issued 12 month 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 stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 39.7% from the stock's current price.
View analysts price targets for GFF or view top-rated stocks among Wall Street analysts.

Griffon's stock was trading at $35.79 at the start of the year. Since then, GFF stock has decreased by 16.0% and is now trading at $30.06.
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Griffon saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,180,000 shares, an increase of 31.6% from the February 13th total of 896,600 shares. Based on an average trading volume of 499,400 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.5% of the company's shares are sold short.
View Griffon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our GFF earnings forecast.

Griffon Co. (NYSE:GFF) posted its earnings results on Tuesday, January, 31st. The conglomerate reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The conglomerate had revenue of $649.40 million for the quarter, compared to analyst estimates of $698.14 million. Griffon had a positive trailing twelve-month return on equity of 35.32% and a negative net margin of 5.58%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share.

Griffon declared a quarterly dividend on Monday, January 30th. Stockholders of record on Thursday, February 23rd will be given a dividend of $0.10 per share on Thursday, March 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Read our dividend analysis for GFF.

ETFs with the largest weight of Griffon (NYSE:GFF) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco Raymond James SB-1 Equity ETF (RYJ), Invesco DWA SmallCap Momentum ETF (DWAS), iShares S&P Small-Cap 600 Growth ETF (IJT) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

Griffon (NYSE:GFF) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.35%.
Read our dividend analysis for GFF.

Griffon issued an update on its FY 2023 earnings guidance on Sunday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.95 billion-$2.95 billion, compared to the consensus revenue estimate of $2.92 billion.

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).

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

Griffon's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.70%), Gamco Investors INC. ET AL (4.75%), Allspring Global Investments Holdings LLC (3.18%), Geode Capital Management LLC (1.46%), Gabelli Funds LLC (1.34%) and Charles Schwab Investment Management Inc. (0.98%). 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.

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.
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One share of GFF stock can currently be purchased for approximately $30.06.

Griffon (NYSE:GFF) has a market capitalization of $1.72 billion and generates $2.85 billion in revenue each year. The conglomerate earns $-191,560,000.00 in net income (profit) each year or ($3.29) on an earnings per share basis.

The company employs 6,200 workers across the globe.

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.