Anderson Fisher LLC bought a new stake in Griffon Co. (NYSE:GFF) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,202 shares of the conglomerate’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in Griffon by 173.7% during the 1st quarter. Versant Capital Management Inc now owns 1,626 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 1,032 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Griffon by 132.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,008 shares of the conglomerate’s stock worth $36,000 after purchasing an additional 1,146 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Griffon by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,003 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 758 shares during the last quarter. Quantamental Technologies LLC grew its position in Griffon by 66.7% during the 1st quarter. Quantamental Technologies LLC now owns 3,000 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Griffon by 736.5% during the 1st quarter. Bank of Montreal Can now owns 4,107 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 3,616 shares during the last quarter. 66.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on GFF shares. Zacks Investment Research downgraded shares of Griffon from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Robert W. Baird set a $18.00 price objective on shares of Griffon and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.40.

GFF stock opened at $15.88 on Thursday. Griffon Co. has a one year low of $9.65 and a one year high of $20.40. The firm has a market capitalization of $737.58 million, a PE ratio of 20.89 and a beta of 2.23. The company has a quick ratio of 1.45, a current ratio of 2.70 and a debt-to-equity ratio of 2.54.

Griffon (NYSE:GFF) last released its earnings results on Thursday, May 2nd. The conglomerate reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Griffon had a net margin of 0.57% and a return on equity of 9.03%. The company had revenue of $549.63 million during the quarter, compared to analysts’ expectations of $556.35 million. As a group, research analysts expect that Griffon Co. will post 1.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 24th will be paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, May 23rd. Griffon’s dividend payout ratio (DPR) is presently 38.16%.

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Griffon Company Profile

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.

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Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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