Sei Investments Co. increased its holdings in Griffon Corporation (NYSE:GFF – Free Report) by 55.8% in the first quarter, Holdings Channel reports. The fund owned 46,486 shares of the conglomerate’s stock after purchasing an additional 16,642 shares during the quarter. Sei Investments Co.’s holdings in Griffon were worth $3,379,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in Griffon by 149.6% during the 4th quarter. Hantz Financial Services Inc. now owns 352 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Griffon in the 1st quarter valued at about $29,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Griffon in the 4th quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Griffon by 362.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 495 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 388 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of Griffon during the second quarter valued at approximately $37,000. 73.22% of the stock is currently owned by institutional investors.
Griffon Stock Up 0.8%
Shares of GFF stock opened at $107.16 on Friday. Griffon Corporation has a 1-year low of $65.01 and a 1-year high of $108.57. The stock’s fifty day moving average price is $91.92 and its 200 day moving average price is $86.07. The company has a debt-to-equity ratio of 9.75, a current ratio of 2.41 and a quick ratio of 2.43. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 27.34 and a beta of 1.44.
Griffon Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, August 31st. This represents a $0.88 annualized dividend and a dividend yield of 0.8%. Griffon’s dividend payout ratio is 676.92%.
Key Headlines Impacting Griffon
Here are the key news stories impacting Griffon this week:
- Positive Sentiment: Quarterly earnings beat expectations: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 consensus estimate, while revenue of $481.4 million surpassed expectations of $457.7 million. Pricing improvements and volume growth—particularly from residential demand—helped offset a 21.5% year-over-year revenue decline. Management reaffirmed its fiscal 2026 outlook, supporting the view that operating momentum remains intact. GFF Q3 Earnings Beat Estimates on Pricing and Volume Growth
- Positive Sentiment: Analyst remains bullish after results: An investment analysis reiterated a Buy view, citing Griffon’s more focused business profile and an intact long-term growth story following the earnings release. Griffon Corporation: A Simpler Business With An Intact Growth Story
- Positive Sentiment: Shares reached a new 52-week high: The strong earnings performance and reaffirmed guidance have helped drive GFF to fresh annual highs, signaling strong market momentum. Griffon Reaches New 52-Week High After Strong Earnings
- Neutral Sentiment: Historical financials were recast: Griffon updated fiscal 2023–2025 financial information after strategic AMES transactions. The revisions improve comparability following the company’s portfolio changes, but investors may review the restated figures for any effects on historical trends or reported performance. Griffon Recasts Financials After Strategic AMES Transactions
- Negative Sentiment: Executives sold shares: CEO Ronald J. Kramer sold 100,000 shares for approximately $10.2 million, while COO Robert F. Mehmel sold a combined 37,061 shares worth about $3.8 million. Both sales were made under pre-arranged Rule 10b5-1 plans, and the executives still retain substantial holdings, reducing—but not eliminating—concern about insider selling.
Insider Activity at Griffon
In related news, COO Robert F. Mehmel sold 22,209 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.08, for a total value of $2,267,094.72. Following the completion of the transaction, the chief operating officer directly owned 763,691 shares of the company’s stock, valued at $77,957,577.28. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ronald J. Kramer sold 100,000 shares of Griffon stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $94.92, for a total transaction of $9,492,000.00. Following the completion of the sale, the chief executive officer owned 1,784,297 shares of the company’s stock, valued at $169,365,471.24. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 266,450 shares of company stock valued at $26,380,753 over the last ninety days. 10.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Stephens boosted their price objective on shares of Griffon from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings cut Griffon from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Robert W. Baird set a $125.00 price target on Griffon in a report on Thursday. Zacks Research raised Griffon from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.
Get Our Latest Report on Griffon
Griffon Company Profile
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.
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