Jefferies Financial Group Inc. Buys 10,273 Shares of Griffon Corporation $GFF

Jefferies Financial Group Inc. bought a new stake in shares of Griffon Corporation (NYSE:GFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,273 shares of the conglomerate’s stock, valued at approximately $956,000.

A number of other large investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in Griffon during the second quarter valued at about $31,000. Scarborough Advisors LLC bought a new position in shares of Griffon during the first quarter valued at about $29,000. Ancora Advisors LLC purchased a new position in shares of Griffon in the second quarter worth about $40,000. Fortitude Family Office LLC increased its holdings in shares of Griffon by 2,768.8% in the third quarter. Fortitude Family Office LLC now owns 459 shares of the conglomerate’s stock worth $43,000 after buying an additional 443 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Griffon in the second quarter worth about $53,000. Hedge funds and other institutional investors own 73.22% of the company’s stock.

Analyst Ratings Changes

GFF has been the subject of a number of recent research reports. Stephens boosted their target price on Griffon from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Zacks Research lowered Griffon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Weiss Ratings upgraded Griffon from a “hold (c-)” rating to a “buy (b)” rating in a research report on Tuesday, September 22nd. Finally, Robert W. Baird set a $125.00 price objective on Griffon in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $122.50.

Griffon Trading Up 0.3%

Griffon stock traded up $0.34 during trading hours on Friday, reaching $105.18. The stock had a trading volume of 276,940 shares, compared to its average volume of 315,156. The stock has a market cap of $4.76 billion, a PE ratio of 26.83 and a beta of 1.50. Griffon Corporation has a 52 week low of $65.01 and a 52 week high of $109.00. The company has a debt-to-equity ratio of 9.75, a current ratio of 2.41 and a quick ratio of 1.79. The company has a fifty day simple moving average of $97.12 and a 200-day simple moving average of $90.32.

Insider Activity at Griffon

In other news, COO Robert Mehmel sold 7,743 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $107.62, for a total transaction of $833,301.66. Following the completion of the sale, the chief operating officer directly owned 715,289 shares in the company, valued at approximately $76,979,402.18. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.20% of the company’s stock.

Griffon Company Profile

Griffon Corporation is a diversified management and holding company whose businesses make products for homes, buildings, gardens and outdoor spaces. Its operations are organized into Home and Building Products and Consumer and Professional Products. The Home and Building Products segment includes Clopay, which makes residential and commercial garage doors, and CornellCookson, which produces rolling steel doors and security grilles. The Consumer and Professional Products segment sells lawn and garden tools, landscaping products and home organization products through brands including AMES, True Temper and ClosetMaid.