News articles about Griffon (NYSE:GFF) have trended somewhat positive on Friday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Griffon earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.7791132113734 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Griffon (NYSE:GFF) opened at $22.00 on Friday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.15 and a current ratio of 2.96. Griffon has a one year low of $17.65 and a one year high of $27.15. The stock has a market cap of $1,076.60, a P/E ratio of 26.21 and a beta of 1.42.
Griffon (NYSE:GFF) last issued its quarterly earnings results on Thursday, November 16th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Griffon had a net margin of 0.80% and a return on equity of 9.60%. The company had revenue of $430.80 million during the quarter. During the same quarter in the previous year, the business earned $0.27 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. This is a positive change from Griffon’s previous quarterly dividend of $0.06. Griffon’s dividend payout ratio (DPR) is presently 82.35%.
In related news, Director Louis J. Grabowsky purchased 11,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $23.30 per share, for a total transaction of $256,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.40% of the company’s stock.
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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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