Griffon (NYSE:GFF) PT Raised to $44.00 at Robert W. Baird

Griffon (NYSE:GFFGet Rating) had its target price raised by equities research analysts at Robert W. Baird from $40.00 to $44.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 47.45% from the company’s previous close.

A number of other research firms also recently issued reports on GFF. StockNews.com began coverage on shares of Griffon in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised Griffon from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Wednesday, May 4th. Finally, Raymond James raised Griffon from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $33.00 to $40.00 in a research report on Monday, May 2nd.

Shares of NYSE GFF opened at $29.84 on Tuesday. The firm’s 50-day simple moving average is $21.11 and its 200 day simple moving average is $23.86. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 13.56 and a beta of 1.73. The company has a quick ratio of 1.65, a current ratio of 2.83 and a debt-to-equity ratio of 2.20. Griffon has a 12-month low of $17.56 and a 12-month high of $31.70.

Griffon (NYSE:GFFGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.93. The business had revenue of $779.60 million for the quarter, compared to the consensus estimate of $668.92 million. Griffon had a net margin of 4.54% and a return on equity of 16.52%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities analysts expect that Griffon will post 2.87 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of GFF. Horan Securities Inc. bought a new stake in Griffon in the fourth quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Griffon during the fourth quarter valued at approximately $43,000. Captrust Financial Advisors increased its holdings in shares of Griffon by 64.5% during the first quarter. Captrust Financial Advisors now owns 2,754 shares of the conglomerate’s stock valued at $55,000 after acquiring an additional 1,080 shares in the last quarter. KBC Group NV bought a new stake in shares of Griffon during the first quarter valued at approximately $86,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Griffon by 52.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,013 shares of the conglomerate’s stock valued at $200,000 after acquiring an additional 2,416 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors.

About Griffon (Get Rating)

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools, as well as cleaning products for professional, home, and industrial use.

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