Griffon Co. (NYSE:GFF) Stock Holdings Lessened by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its stake in shares of Griffon Co. (NYSE:GFF) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,478 shares of the conglomerate’s stock after selling 302 shares during the period. Level Four Advisory Services LLC’s holdings in Griffon were worth $675,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GFF. New Age Alpha Advisors LLC purchased a new position in shares of Griffon during the 4th quarter valued at $30,000. Grove Bank & Trust acquired a new stake in Griffon during the fourth quarter valued at $33,000. R Squared Ltd purchased a new position in Griffon in the fourth quarter valued at about $37,000. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 845 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Griffon by 86.9% during the 3rd quarter. Quarry LP now owns 1,452 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 73.22% of the company’s stock.

Griffon Stock Down 2.0 %

GFF opened at $70.53 on Monday. Griffon Co. has a twelve month low of $55.01 and a twelve month high of $86.73. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.34 and a current ratio of 2.51. The business has a 50 day moving average price of $74.07 and a 200 day moving average price of $72.83. The firm has a market cap of $3.39 billion, a P/E ratio of 14.39 and a beta of 1.40.

Griffon (NYSE:GFF) last issued its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 earnings per share for the quarter, topping 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%. Research analysts forecast that Griffon Co. will post 5.55 EPS for the current 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 $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, February 25th. Griffon’s dividend payout ratio is currently 14.69%.

Insider Transactions at Griffon

In other news, Director Cheryl L. Turnbull sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $80.80, for a total value of $242,400.00. Following the completion of the sale, the director now directly owns 30,730 shares of the company’s stock, valued at approximately $2,482,984. This represents a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GFF has been the subject of several recent research reports. Loop Capital raised Griffon to a “strong-buy” rating in a research note on Friday, February 14th. Raymond James reissued a “strong-buy” rating and issued a $95.00 target price (up from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Stephens raised their price target on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Griffon from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 20th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $98.75.

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.