Measured Wealth Private Client Group LLC Has $281,000 Holdings in Griffon Co. (NYSE:GFF)

Measured Wealth Private Client Group LLC increased its stake in shares of Griffon Co. (NYSE:GFF) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,948 shares of the conglomerate’s stock after purchasing an additional 773 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Griffon were worth $281,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its holdings in Griffon by 5.1% in the 3rd quarter. Raymond James Trust N.A. now owns 3,487 shares of the conglomerate’s stock valued at $244,000 after buying an additional 168 shares during the last quarter. Optimist Retirement Group LLC grew its stake in shares of Griffon by 5.3% in the fourth quarter. Optimist Retirement Group LLC now owns 3,592 shares of the conglomerate’s stock worth $256,000 after acquiring an additional 181 shares during the last quarter. Ritholtz Wealth Management increased its position in Griffon by 5.0% during the third quarter. Ritholtz Wealth Management now owns 3,913 shares of the conglomerate’s stock worth $274,000 after acquiring an additional 187 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Griffon by 1.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 34,780 shares of the conglomerate’s stock valued at $2,435,000 after purchasing an additional 384 shares during the period. Finally, GAMMA Investing LLC grew its position in Griffon by 56.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,133 shares of the conglomerate’s stock worth $79,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 73.22% of the company’s stock.

Insider Transactions at Griffon

In other news, Director James W. Sight sold 3,660 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $76.42, for a total value of $279,697.20. Following the completion of the transaction, the director now owns 16,708 shares in the company, valued at $1,276,825.36. This trade represents a 17.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO W. Christopher Durborow sold 5,170 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $80.38, for a total value of $415,564.60. Following the completion of the transaction, the chief accounting officer now owns 44,306 shares of the company’s stock, valued at approximately $3,561,316.28. This represents a 10.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 365,170 shares of company stock valued at $27,178,746 over the last 90 days. 10.20% of the stock is owned by corporate insiders.

Griffon Price Performance

NYSE GFF opened at $80.96 on Friday. The company has a debt-to-equity ratio of 6.74, a quick ratio of 1.44 and a current ratio of 2.66. Griffon Co. has a 52-week low of $55.01 and a 52-week high of $86.73. The business has a 50 day simple moving average of $76.03 and a 200 day simple moving average of $70.95. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 19.14 and a beta of 1.43.

Griffon (NYSE:GFF) last posted its quarterly earnings data on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.11. Griffon had a net margin of 8.00% and a return on equity of 108.70%. Analysts anticipate that Griffon Co. will post 5.51 earnings per share for the current fiscal year.

Griffon declared that its board has approved a share repurchase program on Wednesday, November 13th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the conglomerate to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Griffon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, February 25th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.89%. Griffon’s dividend payout ratio (DPR) is presently 17.02%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James reissued a “strong-buy” rating and issued a $95.00 price target (up previously from $92.00) on shares of Griffon in a report on Thursday. StockNews.com lowered shares of Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday. Robert W. Baird boosted their target price on Griffon from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Stephens raised their price target on Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday.

About Griffon

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.