Stevens Capital Management LP trimmed its stake in shares of Griffon Corporation (NYSE:GFF) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,695 shares of the conglomerate’s stock after selling 1,901 shares during the period. Stevens Capital Management LP’s holdings in Griffon Corporation were worth $235,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in shares of Griffon Corporation by 1.3% during the second quarter. Wells Fargo & Company MN now owns 23,363 shares of the conglomerate’s stock worth $513,000 after acquiring an additional 299 shares during the period. Swiss National Bank lifted its position in Griffon Corporation by 7.3% in the 2nd quarter. Swiss National Bank now owns 51,200 shares of the conglomerate’s stock valued at $1,124,000 after acquiring an additional 3,500 shares in the last quarter. Royce & Associates LP lifted its position in Griffon Corporation by 39.6% in the 2nd quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock valued at $13,585,000 after acquiring an additional 175,600 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Griffon Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock worth $156,000 after purchasing an additional 1,066 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Griffon Corporation 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. Institutional investors and hedge funds own 68.55% of the company’s stock.

Shares of Griffon Corporation (GFF) opened at 22.20 on Monday. The company has a market capitalization of $925.34 million, a price-to-earnings ratio of 29.29 and a beta of 1.42. Griffon Corporation has a one year low of $16.18 and a one year high of $27.15. The stock has a 50 day moving average price of $19.25 and a 200-day moving average price of $21.91.

Griffon Corporation (NYSE:GFF) last released its earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.08). The company had revenue of $473.32 million for the quarter. Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. On average, equities research analysts expect that Griffon Corporation will post $0.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 24th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Tuesday, August 22nd. Griffon Corporation’s payout ratio is 29.63%.

Separately, BidaskClub cut Griffon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/stevens-capital-management-lp-lowers-stake-in-griffon-corporation-gff/1602518.html.

Griffon Corporation 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).

Want to see what other hedge funds are holding GFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Griffon Corporation (NYSE:GFF).

Institutional Ownership by Quarter for Griffon Corporation (NYSE:GFF)

Receive News & Ratings for Griffon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Griffon Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.