Griffon Corporation (NYSE:GFF) Receives Consensus Rating of “Buy” from Analysts

Shares of Griffon Corporation (NYSE:GFF) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $98.20.

A number of research firms have issued reports on GFF. Wall Street Zen downgraded Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird raised their target price on shares of Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Zacks Research upgraded shares of Griffon from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Griffon in a research note on Wednesday, November 5th.

Griffon Stock Down 0.7%

GFF opened at $71.53 on Wednesday. The company has a market capitalization of $3.33 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The firm has a 50-day simple moving average of $75.93 and a two-hundred day simple moving average of $74.30. The company has a quick ratio of 1.38, a current ratio of 2.70 and a debt-to-equity ratio of 22.58. Griffon has a 52 week low of $63.92 and a 52 week high of $86.73.

Institutional Investors Weigh In On Griffon

Several large investors have recently added to or reduced their stakes in GFF. Nisa Investment Advisors LLC lifted its stake in shares of Griffon by 15.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,040 shares of the conglomerate’s stock valued at $79,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Griffon by 33.0% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 142 shares during the period. McIlrath & Eck LLC raised its stake in shares of Griffon by 43.4% in the third quarter. McIlrath & Eck LLC now owns 539 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 163 shares during the period. Measured Wealth Private Client Group LLC lifted its holdings in shares of Griffon by 4.2% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 4,768 shares of the conglomerate’s stock worth $345,000 after acquiring an additional 193 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Griffon by 72.9% during the 1st quarter. Signaturefd LLC now owns 555 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 234 shares during the period. 73.22% of the stock is owned by institutional investors.

Griffon Company Profile

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.