Deutsche Bank Aktiengesellschaft Initiates Coverage on Griffon (NYSE:GFF)

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Griffon (NYSE:GFF) in a research note issued on Tuesday. The firm set a “buy” rating and a $91.00 price target on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 26.58% from the company’s previous close.

Several other analysts also recently commented on the stock. Stephens increased their price objective on shares of Griffon from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital raised Griffon to a “strong-buy” rating in a research report on Friday, February 14th. StockNews.com lowered Griffon from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 20th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $95.00 price objective (up from $92.00) on shares of Griffon in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $97.20.

Griffon Trading Up 0.6 %

NYSE:GFF traded up $0.39 during trading hours on Tuesday, hitting $71.89. The company had a trading volume of 15,277 shares, compared to its average volume of 424,714. The company has a debt-to-equity ratio of 6.44, a current ratio of 2.51 and a quick ratio of 1.34. The stock has a 50-day moving average price of $73.96 and a 200 day moving average price of $72.87. The company has a market capitalization of $3.46 billion, a PE ratio of 14.66 and a beta of 1.40. Griffon has a 52 week low of $55.01 and a 52 week high of $86.73.

Griffon (NYSE:GFF) last posted its earnings results on Wednesday, February 5th. The conglomerate reported $1.39 EPS for the quarter, topping the consensus estimate of $1.28 by $0.11. Griffon had a net margin of 9.13% and a return on equity of 120.61%. On average, equities research analysts predict that Griffon will post 5.55 EPS for the current fiscal year.

Insider Buying and Selling at Griffon

In related news, Director Cheryl L. Turnbull sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $80.80, for a total value of $242,400.00. Following the transaction, the director now owns 30,730 shares of the company’s stock, valued at approximately $2,482,984. This trade represents a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC grew its position in shares of Griffon by 116.1% during the 4th quarter. McIlrath & Eck LLC now owns 376 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 202 shares during the period. New Age Alpha Advisors LLC bought a new stake in Griffon during the fourth quarter valued at about $30,000. Grove Bank & Trust bought a new position in shares of Griffon in the fourth quarter worth about $33,000. R Squared Ltd purchased a new position in shares of Griffon during the 4th quarter valued at about $37,000. Finally, Headlands Technologies LLC bought a new position in shares of Griffon during the 4th quarter valued at approximately $64,000. 73.22% of the stock is currently owned by institutional investors.

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.