Griffon (NYSE:GFF) COO Robert Mehmel Sells 15,928 Shares

Griffon Corporation (NYSE:GFF) COO Robert Mehmel sold 15,928 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.35, for a total value of $1,709,870.80. Following the completion of the transaction, the chief operating officer owned 732,911 shares of the company’s stock, valued at approximately $78,677,995.85. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Griffon Stock Performance

Shares of GFF stock opened at $106.81 on Wednesday. Griffon Corporation has a 12 month low of $65.01 and a 12 month high of $108.57. The stock has a market cap of $4.84 billion, a PE ratio of 27.25 and a beta of 1.44. The company has a current ratio of 2.41, a quick ratio of 1.79 and a debt-to-equity ratio of 9.75. The company’s fifty day moving average price is $92.75 and its 200-day moving average price is $86.39.

Griffon (NYSE:GFF) last released its earnings results on Wednesday, August 5th. The conglomerate reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The firm had revenue of $481.37 million for the quarter, compared to the consensus estimate of $457.70 million. Griffon had a net margin of 8.08% and a return on equity of 249.31%. The company’s revenue was down 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. On average, equities analysts expect that Griffon Corporation will post 5.33 EPS for the current fiscal year.

Griffon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 31st. Griffon’s dividend payout ratio is 22.45%.

Institutional Investors Weigh In On Griffon

Institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in Griffon by 149.6% in the 4th quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Griffon during the 1st quarter valued at $29,000. Hilton Head Capital Partners LLC bought a new stake in shares of Griffon in the 4th quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Griffon by 362.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 388 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Griffon in the second quarter worth $37,000. Institutional investors own 73.22% of the company’s stock.

More Griffon News

Here are the key news stories impacting Griffon this week:

• Positive Sentiment: An analyst view argues that resilience in Griffon’s Residential and Renovation (R&R) business, combined with a potential volume recovery in fiscal 2027, could support higher earnings and valuation. Griffon Corporation: R&R Resilience And FY27 Volume Recovery Create Upside To Earnings And Valuation
• Positive Sentiment: Griffon recently exceeded quarterly earnings and revenue expectations, providing support for the company’s improving investor sentiment and recent stock strength.
• Neutral Sentiment: Griffon priced an $800 million private placement of senior unsecured notes due 2034, carrying a 6.25% annual interest rate. Proceeds, along with cash and revolver borrowings, are intended to support refinancing and other corporate purposes; closing is expected August 18. The longer maturity could improve debt flexibility, but the financing adds substantial interest expense. Griffon Corporation Announces Pricing of $800 Million Senior Notes Offering
• Negative Sentiment: COO Robert F. Mehmel sold a combined 22,567 Griffon shares for approximately $2.4 million in transactions dated August 7 and August 10. However, both sales were conducted under a pre-arranged Rule 10b5-1 plan, and he continues to own more than 726,000 shares, reducing the significance of the transactions as a bearish signal. SEC Form 4 Insider Sale Filing

Analysts Set New Price Targets

GFF has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Griffon in a report on Friday. Robert W. Baird set a $125.00 price objective on Griffon in a research report on Thursday, August 6th. Stephens lifted their price objective 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 raised Griffon from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $122.50.

About Griffon

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.