Griffon (NYSE:GFF) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
Separately, Sidoti began coverage on Griffon in a research note on Friday, March 9th. They set a “buy” rating for the company.
GFF opened at $18.65 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.45 and a debt-to-equity ratio of 2.28. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 35.23 and a beta of 1.36. Griffon has a 52 week low of $17.45 and a 52 week high of $24.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new position in Griffon during the 4th quarter worth approximately $212,000. Jefferies Group LLC acquired a new position in Griffon during the 4th quarter worth approximately $225,000. MetLife Investment Advisors LLC acquired a new position in Griffon during the 4th quarter worth approximately $294,000. Stone Ridge Asset Management LLC acquired a new position in Griffon during the 4th quarter worth approximately $472,000. Finally, NJ State Employees Deferred Compensation Plan increased its position in Griffon by 26.7% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the conglomerate’s stock worth $694,000 after purchasing an additional 8,000 shares during the period. Institutional investors own 68.75% of the company’s stock.
Griffon Company 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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