Griffon (NYSE:GFF) Announces Earnings Results

Griffon (NYSE:GFF) issued its quarterly earnings results on Wednesday. The conglomerate reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02), Zacks reports. Griffon had a return on equity of 144.21% and a net margin of 2.78%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company earned $1.47 EPS. Griffon updated its FY 2026 guidance to EPS.

Griffon Trading Down 0.1%

NYSE GFF opened at $66.72 on Wednesday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 49.79, a P/E/G ratio of 1.02 and a beta of 1.14. Griffon has a 52 week low of $63.92 and a 52 week high of $86.73. The business has a 50 day moving average price of $74.90 and a 200-day moving average price of $74.32. The company has a quick ratio of 1.38, a current ratio of 2.70 and a debt-to-equity ratio of 22.58.

Analysts Set New Price Targets

Several equities research analysts recently commented on GFF shares. Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Griffon in a report on Monday. Wall Street Zen lowered shares of Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Robert W. Baird boosted their target price on shares of Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Griffon presently has an average rating of “Buy” and an average target price of $98.20.

Institutional Trading of Griffon

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Griffon by 33.0% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 142 shares during the last quarter. Equitable Holdings Inc. lifted its stake in shares of Griffon by 4.0% during the 3rd quarter. Equitable Holdings Inc. now owns 3,811 shares of the conglomerate’s stock valued at $290,000 after buying an additional 148 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Griffon by 11.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,329 shares of the conglomerate’s stock worth $169,000 after buying an additional 234 shares during the period. Swiss National Bank grew its stake in Griffon by 0.4% in the 3rd quarter. Swiss National Bank now owns 72,900 shares of the conglomerate’s stock valued at $5,551,000 after buying an additional 300 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Griffon by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 36,422 shares of the conglomerate’s stock valued at $2,636,000 after acquiring an additional 306 shares during the period. Institutional investors own 73.22% of the company’s stock.

About Griffon

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.