Gabelli Funds LLC decreased its stake in shares of Griffon Co. (NYSE:GFF) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,684,977 shares of the conglomerate’s stock after selling 11,596 shares during the period. Gabelli Funds LLC’s holdings in Griffon were worth $34,289,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GFF. Schwab Charles Investment Management Inc. boosted its position in shares of Griffon by 1.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 250,321 shares of the conglomerate’s stock valued at $5,495,000 after buying an additional 4,196 shares during the last quarter. Swiss National Bank boosted its position in shares of Griffon by 7.3% during the second quarter. Swiss National Bank now owns 51,200 shares of the conglomerate’s stock valued at $1,124,000 after buying an additional 3,500 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Griffon by 1.3% during the second quarter. Wells Fargo & Company MN now owns 23,363 shares of the conglomerate’s stock valued at $513,000 after buying an additional 299 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Griffon by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 18,850 shares of the conglomerate’s stock valued at $414,000 after buying an additional 1,100 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of Griffon by 20.2% during the second quarter. Citigroup Inc. now owns 37,674 shares of the conglomerate’s stock valued at $827,000 after buying an additional 6,344 shares during the last quarter. 67.30% of the stock is currently owned by institutional investors.

Griffon Co. (NYSE:GFF) opened at $17.95 on Tuesday. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.92 and a quick ratio of 2.06. Griffon Co. has a 1 year low of $17.65 and a 1 year high of $25.90. The firm has a market capitalization of $868.65, a price-to-earnings ratio of 24.73 and a beta of 1.38.

Griffon (NYSE:GFF) last posted its quarterly earnings data on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Griffon had a return on equity of 7.94% and a net margin of 1.83%. The business had revenue of $437.30 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, February 22nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.28 annualized dividend and a yield of 1.56%. Griffon’s dividend payout ratio is currently 36.36%.

In other Griffon news, Director Louis J. Grabowsky acquired 11,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $23.30 per share, with a total value of $256,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louis J. Grabowsky acquired 2,500 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $18.33 per share, for a total transaction of $45,825.00. Following the transaction, the director now owns 32,594 shares of the company’s stock, valued at approximately $597,448.02. The disclosure for this purchase can be found here. 24.80% of the stock is currently owned by insiders.

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About Griffon

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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Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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