Griffon (NYSE:GFF) Stock Rating Lowered by Wall Street Zen

Griffon (NYSE:GFF – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities research analysts also recently commented on GFF. Stephens lifted their target price on shares of Griffon from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Zacks Research upgraded shares of Griffon from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Robert W. Baird set a $115.00 target price on shares of Griffon in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.00.

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Read Our Latest Stock Analysis on GFF

Griffon Stock Up 0.1%

NYSE:GFF opened at $81.92 on Friday. The firm’s 50 day simple moving average is $79.95 and its 200 day simple moving average is $79.45. The company has a debt-to-equity ratio of 14.77, a current ratio of 2.86 and a quick ratio of 2.43. Griffon has a one year low of $65.01 and a one year high of $97.58. The company has a market cap of $3.76 billion, a PE ratio of 630.23, a P/E/G ratio of 1.37 and a beta of 1.46.

Griffon (NYSE:GFF – Get Free Report) last posted its earnings results on Thursday, May 7th. The conglomerate reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. Griffon had a net margin of 0.31% and a return on equity of 298.42%. The business had revenue of $421.86 million for the quarter, compared to the consensus estimate of $414.63 million. During the same period last year, the company earned $1.23 EPS. The firm’s revenue was down 31.0% compared to the same quarter last year. On average, research analysts anticipate that Griffon will post 5.17 earnings per share for the current year.

Institutional Trading of Griffon

Several hedge funds have recently modified their holdings of GFF. Royal Bank of Canada increased its stake in shares of Griffon by 20.2% in the 1st quarter. Royal Bank of Canada now owns 94,955 shares of the conglomerate’s stock valued at $6,790,000 after acquiring an additional 15,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Griffon by 9.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,447 shares of the conglomerate’s stock valued at $1,676,000 after acquiring an additional 2,047 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Griffon in the 1st quarter valued at $49,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Griffon by 21.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,035 shares of the conglomerate’s stock valued at $6,080,000 after acquiring an additional 14,764 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Griffon in the 1st quarter valued at $57,000. Institutional investors own 73.22% of the company’s stock.

About Griffon

(Get Free Report)

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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