Teachers Retirement System of The State of Kentucky trimmed its stake in Griffon Co. (NYSE:GFF) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,300 shares of the conglomerate’s stock after selling 3,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Griffon were worth $210,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of GFF. Royce & Associates LP lifted its position in shares of Griffon by 22.8% in the 3rd quarter. Royce & Associates LP now owns 760,316 shares of the conglomerate’s stock worth $16,879,000 after purchasing an additional 141,400 shares during the period. Renaissance Technologies LLC lifted its position in shares of Griffon by 41.6% in the 4th quarter. Renaissance Technologies LLC now owns 403,500 shares of the conglomerate’s stock worth $8,211,000 after purchasing an additional 118,531 shares during the period. Deutsche Bank AG lifted its position in shares of Griffon by 169.4% in the 4th quarter. Deutsche Bank AG now owns 185,682 shares of the conglomerate’s stock worth $3,776,000 after purchasing an additional 116,748 shares during the period. BlackRock Inc. lifted its position in shares of Griffon by 1.9% in the 4th quarter. BlackRock Inc. now owns 3,765,710 shares of the conglomerate’s stock worth $76,631,000 after purchasing an additional 71,467 shares during the period. Finally, Spark Investment Management LLC lifted its position in shares of Griffon by 81.5% in the 4th quarter. Spark Investment Management LLC now owns 91,300 shares of the conglomerate’s stock worth $1,857,000 after purchasing an additional 41,000 shares during the period. 67.97% of the stock is owned by hedge funds and other institutional investors.
In other Griffon news, Director Louis J. Grabowsky purchased 2,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $18.33 per share, with a total value of $45,825.00. Following the transaction, the director now directly owns 32,594 shares in the company, valued at approximately $597,448.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 26.40% of the company’s stock.
Shares of Griffon stock opened at $19.05 on Friday. Griffon Co. has a 12-month low of $17.60 and a 12-month high of $25.15. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.92 and a quick ratio of 2.06. The company has a market cap of $904.25, a PE ratio of 24.74 and a beta of 1.39.
Griffon (NYSE:GFF) last posted its earnings results on Wednesday, January 31st. The conglomerate reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Griffon had a return on equity of 7.94% and a net margin of 1.83%. The company had revenue of $437.30 million during the quarter.
The firm also recently declared a special dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, March 28th. This represents a yield of 1.43%. Griffon’s dividend payout ratio (DPR) is currently 36.36%.
Griffon Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through two segments: Home & Building Products (HBP) and Telephonics Corporation (Telephonics). The HBP segment consists of three companies: The AMES Companies, Inc (AMES), Clopay Building Products Company, Inc (CBP) and ClosetMaid LLC (ClosetMaid).
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