Marshall Wace North America L.P. Sells 6,583 Shares of Griffon Co. (NYSE:GFF)

Marshall Wace North America L.P. reduced its stake in shares of Griffon Co. (NYSE:GFF) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,012 shares of the conglomerate’s stock after selling 6,583 shares during the period. Marshall Wace North America L.P. owned approximately 0.33% of Griffon worth $2,865,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc boosted its position in shares of Griffon by 173.7% in the 1st quarter. Versant Capital Management Inc now owns 1,626 shares of the conglomerate’s stock worth $30,000 after buying an additional 1,032 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Griffon by 132.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,008 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 1,146 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Griffon by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,003 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 758 shares in the last quarter. Quantamental Technologies LLC increased its position in Griffon by 66.7% during the 1st quarter. Quantamental Technologies LLC now owns 3,000 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Griffon by 736.5% during the 1st quarter. Bank of Montreal Can now owns 4,107 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 3,616 shares in the last quarter. Institutional investors own 66.96% of the company’s stock.

GFF traded up $0.20 during trading hours on Friday, hitting $16.13. 101,763 shares of the stock were exchanged, compared to its average volume of 104,052. Griffon Co. has a 12 month low of $9.65 and a 12 month high of $19.86. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.45 and a current ratio of 2.70. The stock has a 50-day simple moving average of $15.88. The firm has a market capitalization of $745.53 million, a PE ratio of 21.22 and a beta of 2.25.

Griffon (NYSE:GFF) last issued its earnings results on Thursday, May 2nd. The conglomerate reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $549.63 million for the quarter, compared to analyst estimates of $556.35 million. Griffon had a return on equity of 9.03% and a net margin of 0.57%. As a group, equities research analysts anticipate that Griffon Co. will post 0.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 24th were given a $0.0725 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.80%. Griffon’s dividend payout ratio (DPR) is 38.16%.

Several brokerages have issued reports on GFF. Robert W. Baird began coverage on shares of Rocket Pharmaceuticals in a research report on Monday, April 22nd. They issued an “outperform” rating for the company. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.40.

Griffon Profile

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.

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Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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