Schwab Charles Investment Management Inc. grew its holdings in shares of Griffon Corporation (NYSE:GFF) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 250,321 shares of the conglomerate’s stock after purchasing an additional 4,196 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.61% of Griffon Corporation worth $5,495,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Strs Ohio lifted its stake in shares of Griffon Corporation by 4.0% during the 2nd quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock worth $735,000 after purchasing an additional 1,300 shares during the period. Spark Investment Management LLC lifted its stake in shares of Griffon Corporation by 71.7% during the 2nd quarter. Spark Investment Management LLC now owns 50,300 shares of the conglomerate’s stock worth $1,104,000 after purchasing an additional 21,000 shares during the period. Texas Permanent School Fund lifted its stake in shares of Griffon Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock worth $500,000 after purchasing an additional 200 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Griffon Corporation by 4.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,369 shares of the conglomerate’s stock worth $993,000 after purchasing an additional 2,100 shares during the period. 68.54% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered Griffon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Griffon Corporation (GFF) opened at 22.05 on Friday. The firm’s 50 day moving average price is $20.62 and its 200-day moving average price is $21.69. Griffon Corporation has a 52 week low of $16.30 and a 52 week high of $27.15. The stock has a market cap of $919.09 million, a price-to-earnings ratio of 29.09 and a beta of 1.42.
Griffon Corporation (NYSE:GFF) last released its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. The business had revenue of $473.32 million during the quarter. Analysts expect that Griffon Corporation will post $0.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 24th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Tuesday, August 22nd. Griffon Corporation’s payout ratio is presently 29.63%.
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Griffon Corporation Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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