Crossmark Global Holdings Inc. purchased a new stake in Griffon Corporation (NYSE:GFF) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,570 shares of the conglomerate’s stock, valued at approximately $346,000.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Griffon by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock valued at $156,000 after acquiring an additional 1,066 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Griffon by 75.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after purchasing an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Griffon in the 2nd quarter worth about $297,000. Voya Investment Management LLC raised its position in Griffon by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after purchasing an additional 1,511 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in Griffon in the 2nd quarter worth about $400,000. 67.89% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Louis J. Grabowsky bought 11,000 shares of Griffon stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $23.30 per share, with a total value of $256,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.40% of the company’s stock.

Shares of Griffon Corporation (NYSE:GFF) opened at $23.10 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.96 and a quick ratio of 2.15. Griffon Corporation has a 1 year low of $17.65 and a 1 year high of $27.15. The firm has a market cap of $1,090.78, a PE ratio of 26.55 and a beta of 1.42.

Griffon (NYSE:GFF) last issued its earnings results on Thursday, November 16th. The conglomerate reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $430.80 million for the quarter. Griffon had a net margin of 0.80% and a return on equity of 9.60%. During the same period last year, the business posted $0.27 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 28th. This is a positive change from Griffon’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. Griffon’s dividend payout ratio (DPR) is 70.59%.

ILLEGAL ACTIVITY WARNING: “15,570 Shares in Griffon Corporation (GFF) Purchased by Crossmark Global Holdings Inc.” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/15570-shares-in-griffon-corporation-gff-purchased-by-crossmark-global-holdings-inc/1727393.html.

Griffon Company Profile

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).

Want to see what other hedge funds are holding GFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Griffon Corporation (NYSE:GFF).

Institutional Ownership by Quarter for Griffon (NYSE:GFF)

Receive News & Ratings for Griffon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.