Griffon (GFF) Scheduled to Post Earnings on Wednesday

Griffon (NYSE:GFF) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Griffon Price Performance

Shares of GFF stock opened at $69.95 on Tuesday. Griffon has a twelve month low of $43.45 and a twelve month high of $77.99. The company has a market capitalization of $3.45 billion, a PE ratio of 18.75 and a beta of 1.31. The company has a current ratio of 2.50, a quick ratio of 1.39 and a debt-to-equity ratio of 6.71. The firm has a fifty day simple moving average of $66.57 and a 200-day simple moving average of $66.61.

Analyst Upgrades and Downgrades

GFF has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $85.00 target price on shares of Griffon in a research note on Tuesday, September 10th. StockNews.com upgraded Griffon from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird upped their target price on Griffon from $84.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.50.

Insider Buying and Selling

In related news, COO Robert F. Mehmel sold 912 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $70.06, for a total transaction of $63,894.72. Following the transaction, the chief operating officer now directly owns 746,611 shares in the company, valued at $52,307,566.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Robert F. Mehmel sold 1,205 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $70.11, for a total transaction of $84,482.55. Following the completion of the sale, the chief operating officer now owns 754,046 shares of the company’s stock, valued at $52,866,165.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert F. Mehmel sold 912 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $70.06, for a total transaction of $63,894.72. Following the sale, the chief operating officer now owns 746,611 shares in the company, valued at approximately $52,307,566.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 260,464 shares of company stock worth $17,244,450. Corporate insiders own 16.10% of the company’s stock.

About Griffon

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.