Somewhat Positive Media Coverage Somewhat Unlikely to Affect Griffon (GFF) Stock Price
Media stories about Griffon (NYSE:GFF) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Griffon earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.3181790465739 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Griffon stock traded up $0.20 on Thursday, reaching $20.35. The company had a trading volume of 1,679 shares, compared to its average volume of 132,756. Griffon has a twelve month low of $17.60 and a twelve month high of $25.15. The company has a current ratio of 2.92, a quick ratio of 2.06 and a debt-to-equity ratio of 2.85. The company has a market cap of $932.73, a PE ratio of 26.43 and a beta of 1.39.
Griffon (NYSE:GFF) last posted its quarterly earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Griffon had a net margin of 1.83% and a return on equity of 7.94%. The business had revenue of $437.30 million during the quarter.
Separately, Sidoti assumed coverage on Griffon in a research note on Friday, March 9th. They issued a “buy” rating on the stock.
In other news, Director Louis J. Grabowsky acquired 2,500 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $18.33 per share, for a total transaction of $45,825.00. Following the transaction, the director now directly owns 32,594 shares of the company’s stock, valued at $597,448.02. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 24.80% of the stock is currently owned by corporate insiders.
Griffon Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through two segments: Home & Building Products (HBP) and Telephonics Corporation (Telephonics). The HBP segment consists of three companies: The AMES Companies, Inc (AMES), Clopay Building Products Company, Inc (CBP) and ClosetMaid LLC (ClosetMaid).
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