Two Sigma Advisers LP cut its holdings in shares of Griffon Co. (NYSE:GFF) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,636 shares of the conglomerate’s stock after selling 3,700 shares during the quarter. Two Sigma Advisers LP’s holdings in Griffon were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Texas Permanent School Fund boosted its position in Griffon by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 22,118 shares of the conglomerate’s stock worth $231,000 after acquiring an additional 879 shares during the last quarter. Principal Financial Group Inc. boosted its position in Griffon by 0.7% during the fourth quarter. Principal Financial Group Inc. now owns 274,404 shares of the conglomerate’s stock worth $2,868,000 after acquiring an additional 1,853 shares during the last quarter. Citigroup Inc. boosted its position in Griffon by 10.2% during the fourth quarter. Citigroup Inc. now owns 22,655 shares of the conglomerate’s stock worth $236,000 after acquiring an additional 2,088 shares during the last quarter. Arizona State Retirement System boosted its position in Griffon by 6.3% during the fourth quarter. Arizona State Retirement System now owns 52,051 shares of the conglomerate’s stock worth $544,000 after acquiring an additional 3,085 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Griffon by 7.6% during the third quarter. Teachers Advisors LLC now owns 57,305 shares of the conglomerate’s stock worth $925,000 after acquiring an additional 4,062 shares during the last quarter. Hedge funds and other institutional investors own 65.59% of the company’s stock.

NYSE:GFF opened at $19.55 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.26 and a debt-to-equity ratio of 2.42. The stock has a market capitalization of $914.24 million, a price-to-earnings ratio of 25.72 and a beta of 2.12. Griffon Co. has a 1-year low of $9.65 and a 1-year high of $23.55.

Griffon (NYSE:GFF) last posted its earnings results on Thursday, January 31st. The conglomerate reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.14. The company had revenue of $510.52 million for the quarter, compared to analyst estimates of $518.74 million. Griffon had a net margin of 5.04% and a return on equity of 8.25%. Equities analysts expect that Griffon Co. will post 0.99 EPS for the current fiscal year.

A number of equities analysts recently weighed in on GFF shares. Zacks Investment Research upgraded shares of Griffon from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Robert W. Baird set a $17.00 price target on shares of Griffon and gave the stock a “hold” rating in a research report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.20.

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About Griffon

Griffon Corporation, through its subsidiaries, engages in the home and building products, and defense electronics businesses primarily in the United States, Canada, Australia, the United Kingdom, Mexico, and China. The company's Home & Building Products segment manufactures and markets wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; residential and commercial garage doors to professional dealers and various home center retail chains; and rolling steel door and grille products designed for commercial, industrial, institutional, and retail uses, as well as long-handled tools and landscaping products for homeowners and professionals.

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Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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