In yesterday’s Wall Street session, Griffon Corp. (NYSE:GFF) shares traded at $65.87, up 0.93% from the previous session.
GFF stock price is now -2.64% away from the 50-day moving average and 14.72% away from the 200-day moving average. The market capitalization of the company currently stands at $3.26B.
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With the price target of $65, Deutsche Bank recently initiated with Buy rating for Griffon Corp. (NYSE: GFF). On May 02, 2022, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock increasing its target price from $33 to quote $40, while ‘Stephens’ rates the stock as ‘Overweight’
In other news, KRAMER RONALD J, Chairman of the Board and CEO sold 100,000 shares of the company’s stock on Jun 12 ’24. The stock was sold for $6,707,267 at an average price of $67.07. Upon completion of the transaction, the Chairman of the Board and CEO now directly owns 2,500,746 shares in the company, valued at $164.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, Vice President & CAO Durborow W. Christopher sold 13,000 shares of the business’s stock. A total of $869,440 was realized by selling the stock at an average price of $66.88. This leaves the insider owning 48,368 shares of the company worth $3.19 million. A total of 17.61% of the company’s stock is owned by insiders.
During the past 12 months, Griffon Corp. has had a low of $37.13 and a high of $77.99. As of last week, the company has a debt-to-equity ratio of 8.72, a current ratio of 2.78, and a quick ratio of 1.56. According to the stock market information, the enterprise value for the company is $4905137664, which is based on a 17.36 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for GFF is $67.5074 and a two-hundred day moving average price translates $57.5381 for the stock.
The latest earnings results from Griffon Corp. (NYSE: GFF) was released for 2024-03-31. The net profit margin was 7.48% and return on equity was 58.91% for GFF. The company reported revenue of $672.88 million for the quarter, compared to $710.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.36 percent.
