EMC Capital Management Buys Shares of 2,227 Griffon Corporation $GFF

EMC Capital Management bought a new position in Griffon Corporation (NYSE:GFF) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,227 shares of the conglomerate’s stock, valued at approximately $161,000.

Other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new stake in Griffon in the first quarter worth about $53,994,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Griffon by 52.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 951,120 shares of the conglomerate’s stock valued at $68,005,000 after purchasing an additional 326,663 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Griffon in the 1st quarter worth approximately $22,108,000. Voss Capital LP boosted its stake in shares of Griffon by 10.5% during the first quarter. Voss Capital LP now owns 1,332,051 shares of the conglomerate’s stock valued at $95,242,000 after purchasing an additional 127,051 shares in the last quarter. Finally, Aberdeen Group plc increased its holdings in Griffon by 43.4% during the first quarter. Aberdeen Group plc now owns 259,238 shares of the conglomerate’s stock valued at $18,536,000 after buying an additional 78,460 shares during the period. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Griffon Stock Down 0.1%

Griffon stock opened at $66.72 on Wednesday. Griffon Corporation has a 1-year low of $63.92 and a 1-year high of $86.73. The business has a fifty day moving average price of $74.90 and a 200-day moving average price of $74.32. The company has a debt-to-equity ratio of 22.58, a current ratio of 2.70 and a quick ratio of 1.38. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 1.02 and a beta of 1.14.

Wall Street Analysts Forecast Growth

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

Griffon 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.