denkapparat Operations GmbH Acquires Shares of 2,814 Griffon Co. (NYSE:GFF)

denkapparat Operations GmbH bought a new position in shares of Griffon Co. (NYSE:GFF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,814 shares of the conglomerate’s stock, valued at approximately $201,000.

Several other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC bought a new stake in Griffon in the fourth quarter worth about $30,000. Grove Bank & Trust purchased a new stake in Griffon in the fourth quarter worth $33,000. R Squared Ltd bought a new position in shares of Griffon during the 4th quarter worth $37,000. Smartleaf Asset Management LLC increased its holdings in Griffon by 343.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the conglomerate’s stock worth $78,000 after acquiring an additional 845 shares during the last quarter. Finally, Quarry LP raised its stake in Griffon by 86.9% in the 3rd quarter. Quarry LP now owns 1,452 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 675 shares during the period. 73.22% of the stock is owned by institutional investors.

Griffon Price Performance

Shares of NYSE:GFF opened at $70.53 on Friday. The company has a 50 day moving average of $74.07 and a 200 day moving average of $72.69. The company has a current ratio of 2.51, a quick ratio of 1.34 and a debt-to-equity ratio of 6.44. The stock has a market cap of $3.39 billion, a P/E ratio of 14.39 and a beta of 1.40. Griffon Co. has a 12 month low of $55.01 and a 12 month high of $86.73.

Griffon (NYSE:GFF) last released its quarterly earnings results on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. Griffon had a net margin of 9.13% and a return on equity of 120.61%. As a group, sell-side analysts forecast that Griffon Co. will post 5.55 EPS for the current fiscal year.

Griffon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.02%. Griffon’s dividend payout ratio (DPR) is presently 14.69%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GFF shares. Stephens increased their target price on shares of Griffon from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Raymond James reiterated a “strong-buy” rating and issued a $95.00 price objective (up from $92.00) on shares of Griffon in a research note on Thursday, February 6th. StockNews.com downgraded Griffon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Loop Capital upgraded Griffon to a “strong-buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $98.75.

Insider Transactions at Griffon

In other Griffon news, Director Cheryl L. Turnbull sold 3,000 shares of Griffon stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total transaction of $242,400.00. Following the completion of the sale, the director now directly owns 30,730 shares in the company, valued at $2,482,984. The trade was a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.20% of the stock is owned by insiders.

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.