Griffon Co. (NYSE:GFF) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.25.

A number of brokerages have recently issued reports on GFF. Robert W. Baird set a $17.00 target price on Griffon and gave the company a “hold” rating in a research report on Saturday, February 2nd. Zacks Investment Research upgraded Griffon from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, February 6th.

A number of hedge funds have recently made changes to their positions in GFF. Bank of New York Mellon Corp lifted its holdings in Griffon by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 518,132 shares of the conglomerate’s stock valued at $8,368,000 after purchasing an additional 17,788 shares in the last quarter. BlackRock Inc. increased its stake in shares of Griffon by 12.5% in the 3rd quarter. BlackRock Inc. now owns 4,851,168 shares of the conglomerate’s stock worth $78,348,000 after acquiring an additional 539,643 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Griffon in the 3rd quarter worth $1,363,000. Man Group plc acquired a new stake in shares of Griffon in the 3rd quarter worth $229,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of Griffon by 53.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 22,109 shares of the conglomerate’s stock worth $357,000 after acquiring an additional 7,671 shares during the last quarter. Institutional investors own 65.59% of the company’s stock.

Shares of NYSE:GFF opened at $19.30 on Friday. Griffon has a 1 year low of $9.65 and a 1 year high of $23.55. The company has a market cap of $914.16 million, a PE ratio of 25.39 and a beta of 2.12. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.26 and a current ratio of 2.50.

Griffon (NYSE:GFF) last announced its earnings results on Thursday, January 31st. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.14. Griffon had a return on equity of 8.25% and a net margin of 5.04%. The firm had revenue of $510.52 million for the quarter, compared to analyst estimates of $518.74 million. Sell-side analysts expect that Griffon will post 0.99 EPS for the current fiscal year.

Griffon Company Profile

Griffon Corporation, through its subsidiaries, engages in the home and building products, and defense electronics businesses primarily in the United States, Canada, Australia, the United Kingdom, Mexico, and China. The company's Home & Building Products segment manufactures and markets wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; residential and commercial garage doors to professional dealers and various home center retail chains; and rolling steel door and grille products designed for commercial, industrial, institutional, and retail uses, as well as long-handled tools and landscaping products for homeowners and professionals.

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Analyst Recommendations for Griffon (NYSE:GFF)

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