Franklin Resources Inc. Cuts Holdings in Griffon Co. (NYSE:GFF)

Franklin Resources Inc. cut its holdings in Griffon Co. (NYSE:GFF) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,869 shares of the conglomerate’s stock after selling 70,131 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of Griffon worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Griffon in the third quarter worth about $585,000. Teacher Retirement System of Texas bought a new stake in shares of Griffon in the fourth quarter worth about $212,000. Spark Investment Management LLC grew its stake in shares of Griffon by 81.5% in the fourth quarter. Spark Investment Management LLC now owns 91,300 shares of the conglomerate’s stock worth $1,857,000 after purchasing an additional 41,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Griffon by 4.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 273,964 shares of the conglomerate’s stock worth $5,576,000 after purchasing an additional 11,748 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Griffon by 26.4% in the fourth quarter. Citadel Advisors LLC now owns 55,214 shares of the conglomerate’s stock worth $1,123,000 after purchasing an additional 11,539 shares during the last quarter. 67.98% of the stock is currently owned by institutional investors.

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Shares of NYSE GFF traded up $0.15 during trading hours on Monday, hitting $20.60. The company’s stock had a trading volume of 81,477 shares, compared to its average volume of 133,880. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.92 and a quick ratio of 2.06. The stock has a market capitalization of $970.71, a PE ratio of 27.64 and a beta of 1.33. Griffon Co. has a 12 month low of $17.45 and a 12 month high of $25.15.



Griffon (NYSE:GFF) last posted its earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The business had revenue of $437.30 million during the quarter. Griffon had a return on equity of 7.94% and a net margin of 1.83%.

The company also recently disclosed a special dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a yield of 1.43%.

Separately, Sidoti started coverage on Griffon in a research note on Friday, March 9th. They issued a “buy” rating on the stock.

In other news, Director Louis J. Grabowsky acquired 2,500 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $18.33 per share, with a total value of $45,825.00. Following the transaction, the director now owns 32,594 shares in the company, valued at approximately $597,448.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 24.80% of the company’s stock.

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Griffon Profile

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. Its Home & Building Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains.

Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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