Griffon Corp (NYSE:GFF): Stock Institutional Investors Are Bullish About

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Sentiment for Griffon Corp (NYSE:GFF)

Griffon Corp (NYSE:GFF) institutional sentiment increased to 3.24 in Q2 2018. Its up 2.53, from 0.71 in 2018Q1. The ratio is more positive, as 81 investment managers started new or increased equity positions, while 25 reduced and sold their positions in Griffon Corp. The investment managers in our partner’s database reported: 58.13 million shares, up from 31.36 million shares in 2018Q1. Also, the number of investment managers holding Griffon Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 23 Increased: 48 New Position: 33.

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. The company has market cap of $494.57 million. The Company’s Home & Building Products segment makes 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. It has a 3.94 P/E ratio. The companyÂ’s Telephonics segment designs, develops, makes, and provides logistical support and lifecycle sustainment services; and intelligence, surveillance, and communications solutions to defense, aerospace, and commercial customers.

The stock increased 4.20% or $0.47 during the last trading session, reaching $11.66. About 205,113 shares traded or 8.58% up from the average. Griffon Corporation (NYSE:GFF) has declined 3.73% since December 7, 2017 and is downtrending. It has underperformed by 19.35% the S&P500.

Analysts await Griffon Corporation (NYSE:GFF) to report earnings on January, 30. They expect $0.09 earnings per share, up 50.00 % or $0.03 from last year’s $0.06 per share. GFF’s profit will be $3.82 million for 32.39 P/E if the $0.09 EPS becomes a reality. After $0.38 actual earnings per share reported by Griffon Corporation for the previous quarter, Wall Street now forecasts -76.32 % negative EPS growth.

Teton Advisors Inc. holds 0.69% of its portfolio in Griffon Corporation for 438,579 shares. Gamco Investors Inc. Et Al owns 5.61 million shares or 0.68% of their US portfolio. Moreover, Ironwood Investment Management Llc has 0.48% invested in the company for 38,285 shares. The New York-based Bluemar Capital Management Llc has invested 0.46% in the stock. Penn Capital Management Co Inc, a Pennsylvania-based fund reported 185,219 shares.

Since January 1, 0001, it had 5 insider purchases, and 2 sales for $189.87 million activity.

Griffon Corporation (NYSE:GFF) Ratings Coverage

Ratings analysis reveals 25% of Griffon’s analysts are positive. Out of 4 Wall Street analysts rating Griffon, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $11 while the high is $20. The stock’s average target of $14.50 is 24.36% above today’s ($11.66) share price. GFF was included in 5 notes of analysts from September 14, 2018. On Thursday, November 15 the stock rating was maintained by Sidoti with “Buy”. On Thursday, November 15 the stock rating was maintained by Robert W. Baird with “Neutral”.

More notable recent Griffon Corporation (NYSE:GFF) news were published by: Businesswire.com which released: “Griffon Corporation Announces the Acquisition of Kelkay Limited (UK) by AMES – Business Wire” on February 13, 2018, also Businesswire.com with their article: “Griffon Corporation Completes CornellCookson Acquisition – Business Wire” published on June 04, 2018, Benzinga.com published: “Earnings Scheduled For November 14, 2018 – Benzinga” on November 14, 2018. More interesting news about Griffon Corporation (NYSE:GFF) were released by: Businesswire.com and their article: “Griffon Corporation Announces the Acquisition of Harper Brush Works by AMES – Business Wire” published on November 06, 2017 as well as Seekingalpha.com‘s news article titled: “Griffon Corp (GFF) CEO Ronald Kramer on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: August 01, 2018.

Griffon Corporation (NYSE:GFF) Institutional Positions Chart

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