Teton Advisors Inc. maintained its position in Griffon Corporation (NYSE:GFF) during the second quarter, Holdings Channel reports. The institutional investor owned 422,703 shares of the conglomerate’s stock at the end of the second quarter. Griffon Corporation accounts for about 0.9% of Teton Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Teton Advisors Inc.’s holdings in Griffon Corporation were worth $9,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund raised its position in Griffon Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock valued at $500,000 after buying an additional 200 shares during the last quarter. Strs Ohio raised its position in Griffon Corporation by 4.0% in the second quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock valued at $735,000 after buying an additional 1,300 shares during the last quarter. Great West Life Assurance Co. Can raised its position 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 valued at $993,000 after buying an additional 2,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Griffon Corporation by 1.7% in 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. Finally, Legal & General Group Plc raised its position in Griffon Corporation by 9.1% in the second quarter. Legal & General Group Plc now owns 59,917 shares of the conglomerate’s stock valued at $1,316,000 after buying an additional 4,978 shares during the last quarter. 70.95% of the stock is owned by institutional investors.

Griffon Corporation (NYSE GFF) traded down 0.26% on Wednesday, reaching $19.20. 4,827 shares of the company’s stock traded hands. The stock has a market capitalization of $800.29 million, a price-to-earnings ratio of 25.33 and a beta of 1.39. The firm has a 50-day moving average price of $20.67 and a 200-day moving average price of $22.97. Griffon Corporation has a 52 week low of $15.88 and a 52 week high of $27.15.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 24th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, August 22nd. Griffon Corporation’s dividend payout ratio (DPR) is 29.63%.

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Separately, BidaskClub lowered shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

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

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