Griffon Corporation (GFF) Shares Bought by State Street Corp

State Street Corp grew its position in Griffon Corporation (NYSE:GFF) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 791,950 shares of the conglomerate’s stock after buying an additional 27,501 shares during the period. State Street Corp owned approximately 1.68% of Griffon Corporation worth $17,382,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of 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 buying an additional 175,600 shares during the period. Vanguard Group Inc. grew its holdings in shares of Griffon Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,166,978 shares of the conglomerate’s stock valued at $69,516,000 after buying an additional 78,214 shares during the period. Citigroup Inc. grew its holdings in shares of Griffon Corporation by 20.2% in the 2nd quarter. Citigroup Inc. now owns 37,674 shares of the conglomerate’s stock valued at $827,000 after buying an additional 6,344 shares during the period. First Trust Advisors LP boosted its stake in Griffon Corporation by 189.5% in the 2nd quarter. First Trust Advisors LP now owns 93,745 shares of the conglomerate’s stock worth $2,058,000 after purchasing an additional 61,366 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. 67.89% of the stock is owned by institutional investors.

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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.

Griffon Corporation (NYSE GFF) opened at $22.50 on Monday. The firm has a market cap of $1,063.28, a price-to-earnings ratio of 25.86 and a beta of 1.42. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.96 and a quick ratio of 2.15. Griffon Corporation has a one year low of $17.65 and a one year high of $27.15.

Griffon Corporation (NYSE:GFF) last announced its earnings results on Thursday, November 16th. The conglomerate reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $430.80 million during the quarter. Griffon Corporation had a net margin of 0.80% and a return on equity of 9.60%. During the same period in the previous year, the company posted $0.27 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, November 28th. This is a positive change from Griffon Corporation’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.24%. Griffon Corporation’s dividend payout ratio is presently 70.59%.

Griffon Corporation Company 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).

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

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