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NYSE:GFF - Griffon Stock Price, Forecast & News

$12.13
-0.63 (-4.94 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$11.65
Now: $12.13
$12.66
50-Day Range
$9.59
MA: $16.73
$21.61
52-Week Range
$9.15
Now: $12.13
$25.50
Volume347,643 shs
Average Volume285,698 shs
Market Capitalization$569.02 million
P/E Ratio13.63
Dividend Yield2.35%
Beta2.16
Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors. he Defense Electronics segment focuses on sophisticated intelligence, surveillance, and communications solutions for defense, aerospace, and commercial customers. The company was founded on May 18, 1959 and is headquartered in New York, NY.
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Industry, Sector and Symbol

Industry Metal doors, sash, & trim
Sub-IndustryBuilding Products
SectorMulti-Sector Conglomerates
CUSIP39843310
Phone212-957-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.21 billion
Cash Flow$2.31 per share
Book Value$10.21 per share

Profitability

Net Income$37.29 million

Miscellaneous

Employees3,700
Market Cap$569.02 million
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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Griffon (NYSE:GFF) Frequently Asked Questions

How has Griffon's stock been impacted by COVID-19 (Coronavirus)?

Griffon's stock was trading at $14.37 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GFF shares have decreased by 15.6% and is now trading at $12.13. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Griffon?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Griffon in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Griffon.

When is Griffon's next earnings date?

Griffon is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Griffon.

How were Griffon's earnings last quarter?

Griffon Co. (NYSE:GFF) posted its earnings results on Thursday, January, 30th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. The conglomerate had revenue of $548.44 million for the quarter, compared to analyst estimates of $525.20 million. Griffon had a net margin of 1.74% and a return on equity of 10.89%. View Griffon's earnings history.

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

Griffon declared a quarterly dividend on Thursday, January 30th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.075 per share on Thursday, March 19th. This represents a $0.30 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 19th. View Griffon's dividend history.

How will Griffon's stock buyback program work?

Griffon announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 1st 2018, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

What price target have analysts set for GFF?

2 analysts have issued twelve-month target prices for Griffon's stock. Their forecasts range from $24.00 to $24.00. On average, they anticipate Griffon's stock price to reach $24.00 in the next year. This suggests a possible upside of 97.9% from the stock's current price. View analysts' price targets for Griffon.

Has Griffon been receiving favorable news coverage?

News coverage about GFF stock has trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Griffon earned a news impact score of 0.8 on InfoTrie's scale. They also gave media stories about the conglomerate a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutGriffon.

Are investors shorting Griffon?

Griffon saw a increase in short interest in the month of February. As of February 14th, there was short interest totaling 3,200,000 shares, an increase of 20.8% from the January 30th total of 2,650,000 shares. Based on an average daily volume of 251,700 shares, the days-to-cover ratio is currently 12.7 days. Approximately 8.1% of the company's stock are short sold. View Griffon's Current Options Chain.

Who are some of Griffon's key competitors?

What other stocks do shareholders of Griffon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Griffon investors own include Ford Motor (F), Stitch Fix (SFIX), SLM (SLM), VBI Vaccines (VBIV), AbbVie (ABBV), Appian (APPN), Etsy (ETSY), NVIDIA (NVDA), Pattern Energy Group (PEGI) and Primo Water (PRMW).

Who are Griffon's key executives?

Griffon's management team includes the following people:
  • Ronald J. Kramer, Chairman & Chief Executive Officer
  • Robert F. Mehmel, President, Chief Operating Officer & Director
  • Brian G. Harris, Chief Financial Officer & Senior Vice President
  • Seth L. Kaplan, Secretary, Senior Vice President & General Counsel
  • W. Christopher Durborow, Chief Accounting Officer, VP & Controller

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 a number of retail and institutional investors. Top institutional investors include Gabelli Funds LLC (4.10%), State Street Corp (2.41%), Goldman Sachs Group Inc. (1.72%), Bank of New York Mellon Corp (1.32%), Geode Capital Management LLC (1.12%) and Royce & Associates LP (1.07%). Company insiders that own Griffon stock include Brian G Harris, Cheryl L Turnbull, Goldman Sachs Group Inc, Henry A Alpert, Kevin F Sullivan, Ronald J Kramer, Seth L Kaplan and W Christopher Durborow. View institutional ownership trends for Griffon.

Which institutional investors are selling Griffon stock?

GFF stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Gabelli Funds LLC, Bank of New York Mellon Corp, Marshall Wace LLP, Marshall Wace North America L.P., Prudential Financial Inc., Guggenheim Capital LLC, and Charles Schwab Investment Management Inc.. View insider buying and selling activity for Griffon.

Which institutional investors are buying Griffon stock?

GFF stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Great West Life Assurance Co. Can, Russell Investments Group Ltd., Cubist Systematic Strategies LLC, Geode Capital Management LLC, and Trexquant Investment LP. Company insiders that have bought Griffon stock in the last two years include Brian G Harris, Cheryl L Turnbull, Henry A Alpert, Kevin F Sullivan, Ronald J Kramer, Seth L Kaplan, and W Christopher Durborow. View insider buying and selling activity for Griffon.

How do I buy shares of Griffon?

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

What is Griffon's stock price today?

One share of GFF stock can currently be purchased for approximately $12.13.

How big of a company is Griffon?

Griffon has a market capitalization of $569.02 million and generates $2.21 billion in revenue each year. The conglomerate earns $37.29 million in net income (profit) each year or $1.08 on an earnings per share basis. Griffon employs 3,700 workers across the globe. View additional information about Griffon.

What is Griffon's official website?

The official website for Griffon is http://www.griffon.com/.

How can I contact Griffon?

Griffon's mailing address is 712 FIFTH AVENUE 18th Floor, NEW YORK NY, 10019. The conglomerate can be reached via phone at 212-957-5000.


MarketBeat Community Rating for Griffon (NYSE GFF)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  208 (Vote Outperform)
Underperform Votes:  219 (Vote Underperform)
Total Votes:  427
MarketBeat's community ratings are surveys of what our community members think about Griffon and other stocks. Vote "Outperform" if you believe GFF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GFF will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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