BidaskClub downgraded shares of Griffon Corporation (NYSE:GFF) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

Griffon Corporation (NYSE:GFF) traded down 1.22% during trading on Tuesday, reaching $20.30. The company had a trading volume of 108,261 shares. Griffon Corporation has a one year low of $15.88 and a one year high of $27.15. The firm’s 50-day moving average price is $21.85 and its 200 day moving average price is $23.49. The firm has a market capitalization of $837.92 million, a P/E ratio of 29.08 and a beta of 1.41.

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Large investors have recently bought and sold shares of the stock. Spark Investment Management LLC boosted its stake in Griffon Corporation by 71.7% in the second quarter. Spark Investment Management LLC now owns 50,300 shares of the conglomerate’s stock worth $1,104,000 after buying an additional 21,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Griffon Corporation by 4.9% in the second quarter. Great West Life Assurance Co. Can now owns 45,369 shares of the conglomerate’s stock worth $993,000 after buying an additional 2,100 shares in the last quarter. Strs Ohio boosted its stake in Griffon Corporation by 4.0% in the second quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock worth $735,000 after buying an additional 1,300 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Griffon Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock worth $500,000 after buying an additional 200 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

About Griffon Corporation

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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