Griffon Corp (NYSE: GFF) is 37.01% higher on its value in year-to-date trading and has touched a low of $45.70 and a high of $86.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GFF stock was last observed hovering at around $84.37 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $83.51, the stock is 13.18% and 19.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.27 million and changing -1.02% at the moment leaves the stock 22.61% off its SMA200. GFF registered 81.86% gain for a year compared to 6-month loss of 26.24%. The firm has a 50-day simple moving average (SMA 50) of $69.7108 and a 200-day simple moving average (SMA200) of $68.0246.
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The stock witnessed a 31.74% gain in the last 1 month and extending the period to 3 months gives it a 26.91%, and is 5.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 3.80% over the month.
Griffon Corp (GFF) has around 5300 employees, a market worth around $3.99B and $2.62B in sales. Current P/E ratio is 19.72 and Fwd P/E is 12.81. Profit margin for the company is 8.00%. Distance from 52-week low is 82.74% and -3.71% from its 52-week high. The company has generated returns on investments over the last 12 months (11.12%).
The EPS is expected to grow by 8.09% this year
414.0 institutions hold shares in Griffon Corp (GFF), with institutional investors hold 95.72% of the company’s shares. The shares outstanding are 48.30M, and float is at 40.16M with Short Float at 5.76%. Institutions hold 78.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.0 million shares valued at $382.93 million. The investor’s holdings represent 12.5066 of the GFF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.87 million shares valued at $374.93 million to account for 12.2453 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.49 million shares representing 3.1175 and valued at over $95.45 million, while DIMENSIONAL FUND ADVISORS LP holds 2.8762 of the shares totaling 1.38 million with a market value of $88.07 million.
Griffon Corp (GFF) Insider Activity
Griffon Corp disclosed in a document filed with the SEC on Nov 18 ’24 that Sullivan Kevin F (Director) sold a total of 9,222 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $75.50 per share for $0.7 million. Following the transaction, the insider now directly holds 41168.0 shares of the GFF stock.
Still, SEC filings show that on Nov 18 ’24, Kevin F. Sullivan (Director) Proposed Sale 9,222 shares at an average price of $73.81 for $0.68 million. The insider now directly holds shares of Griffon Corp (GFF).
