Alliancebernstein L.P. Lowers Position in Griffon Co. (GFF)

Alliancebernstein L.P. lessened its stake in Griffon Co. (NYSE:GFF) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,743 shares of the conglomerate’s stock after selling 3,300 shares during the quarter. Alliancebernstein L.P. owned approximately 0.08% of Griffon worth $768,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Griffon in the 3rd quarter worth approximately $585,000. Teacher Retirement System of Texas bought a new stake in Griffon during the 4th quarter valued at $212,000. Spark Investment Management LLC raised its holdings in Griffon by 81.5% during the 4th quarter. Spark Investment Management LLC now owns 91,300 shares of the conglomerate’s stock valued at $1,857,000 after acquiring an additional 41,000 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Griffon by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 273,964 shares of the conglomerate’s stock valued at $5,576,000 after acquiring an additional 11,748 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Griffon by 26.4% during the 4th quarter. Citadel Advisors LLC now owns 55,214 shares of the conglomerate’s stock valued at $1,123,000 after acquiring an additional 11,539 shares during the period. 67.97% of the stock is currently owned by institutional investors.

Separately, Sidoti assumed coverage on shares of Griffon in a report on Friday, March 9th. They set a “buy” rating on the stock.

In other Griffon news, Director Louis J. Grabowsky bought 2,500 shares of the stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $18.33 per share, with a total value of $45,825.00. Following the acquisition, the director now directly owns 32,594 shares of the company’s stock, valued at approximately $597,448.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 26.40% of the company’s stock.

Shares of GFF stock opened at $19.30 on Monday. The company has a current ratio of 2.92, a quick ratio of 2.06 and a debt-to-equity ratio of 2.85. Griffon Co. has a 1 year low of $17.45 and a 1 year high of $25.15. The firm has a market cap of $899.51, a price-to-earnings ratio of 25.61 and a beta of 1.33.

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

The firm also recently announced a special dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 1.43%.

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About Griffon

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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