15,570 Shares in Griffon Corporation (GFF) Purchased by Crossmark Global Holdings Inc.
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%.
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).
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