Griffon (GFF) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Griffon in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" GFF shares.
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2 equities research analysts have issued 12-month price targets for Griffon's shares. Their GFF share price targets range from $37.00 to $65.00. On average, they expect the company's share price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 11.4%.
View analysts price targets for GFF or view top-rated stocks among Wall Street analysts.

Griffon's stock was trading at $35.79 at the beginning of the year. Since then, GFF stock has increased by 70.3% and is now trading at $60.95.
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Griffon saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,260,000 shares, an increase of 14.1% from the November 30th total of 1,980,000 shares. Based on an average trading volume of 431,800 shares, the short-interest ratio is currently 5.2 days. Approximately 4.7% of the company's shares are short sold.
View Griffon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our GFF earnings forecast.

Griffon Co. (NYSE:GFF) released its quarterly earnings results on Wednesday, November, 15th. The conglomerate reported $1.19 EPS for the quarter, topping the consensus estimate of $0.95 by $0.24. The conglomerate had revenue of $641.40 million for the quarter, compared to the consensus estimate of $653.83 million. Griffon had a net margin of 2.89% and a trailing twelve-month return on equity of 60.20%. The business's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share.

Griffon announced a quarterly dividend on Wednesday, November 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.15 per share on Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, November 27th. This is a boost from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for GFF.

Griffon (NYSE:GFF) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GFF will have a dividend payout ratio of 10.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GFF.

ETFs with the largest weight of Griffon (NYSE:GFF) stock in their portfolio include Invesco Building & Construction ETF (PKB), Pacer US Small Cap Cash Cows 100 ETF (CALF), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Momentum ETF (XSMO), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI), AdvisorShares Insiders Advantage ETF (SURE) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Griffon announced that its Board of Directors has authorized a share buyback program on Wednesday, November 15th 2023, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Griffon issued an update on its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Griffon investors own include Etsy (ETSY), AbbVie (ABBV), Ford Motor (F), NVIDIA (NVDA), QUALCOMM (QCOM), Trade Desk (TTD), VBI Vaccines (VBIV), Advanced Micro Devices (AMD), Skyworks Solutions (SWKS) and Verizon Communications (VZ).

Shares of GFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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