Today’s Stock Alert: Is Griffon Corporation’s Fuel Running Low? The Stock Reaches 52-Week High Today

Today's Stock Alert: Is Griffon Corporation's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Griffon Corporation (NYSE:GFF) hit a new 52-week high and has $33.99 target or 63.00% above today’s $20.85 share price. The 9 months bullish chart indicates low risk for the $972.08 million company. The 1-year high was reported on Nov, 17 by If the $33.99 price target is reached, the company will be worth $612.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 270,402 shares traded hands or 25.35% up from the average. Griffon Corporation (NYSE:GFF) has risen 31.27% since April 15, 2016 and is uptrending. It has outperformed by 26.65% the S&P500.

According to Zacks Investment Research, “Griffon is a diversified manuf acturing company with operations in four business segments: Garage Doors; Installation Services; Specialty Plastic Films; and Electronic Information and Communication Systems. The company’s Garage Doors segment designs and manufactures garage doors for use in the residential housing and commercial building markets. The Installation Services segment sells, installs and services garage doors, garage door openers, manufactured fireplaces, floor coverings, cabinetry and a range of related building products primarily for the residential housing.”

Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.20, from 0.89 in 2016Q1. The ratio is negative, as 6 funds sold all Griffon Corporation shares owned while 49 reduced positions. 12 funds bought stakes while 26 increased positions. They now own 35.03 million shares or 0.27% less from 35.13 million shares in 2016Q1.
Citigroup Incorporated, a New York-based fund reported 32,539 shares. Axa last reported 92,220 shares in the company. Springbok Mgmt Limited Liability Company accumulated 4,100 shares or 0.01% of the stock. Manufacturers Life Insurance The holds 0% of its portfolio in Griffon Corporation (NYSE:GFF) for 21,236 shares. Principal Incorporated reported 259,026 shares or 0.01% of all its holdings. The United Kingdom-based Barclays Public Lc has invested 0% in Griffon Corporation (NYSE:GFF). Us State Bank De owns 928 shares or 0% of their US portfolio. Boston Advisors Ltd has 0.11% invested in the company for 268,059 shares. Ny State Teachers Retirement Systems has 127,191 shares for 0.01% of their US portfolio. Moreover, Louisiana State Employees Retirement Sys has 0.01% invested in Griffon Corporation (NYSE:GFF) for 16,300 shares. Swiss Natl Bank accumulated 51,800 shares or 0% of the stock. Price T Rowe Associate Md last reported 18,200 shares in the company. Peak6 Invs Lp holds 0% of its portfolio in Griffon Corporation (NYSE:GFF) for 2,117 shares. Great West Life Assurance Can has invested 0% of its portfolio in Griffon Corporation (NYSE:GFF). Aperio Gru Lc holds 0% or 14,954 shares in its portfolio.

More recent Griffon Corporation (NYSE:GFF) news were published by: which released: “Griffon Corporation Declares Quarterly Dividend” on November 16, 2016. Also published the news titled: “Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and …” on November 09, 2016.‘s news article titled: “Griffon Corporation Announces Third Quarter Results” with publication date: August 03, 2016 was also an interesting one.

GFF Company Profile

Griffon Corporation (Griffon), incorporated on December 29, 1970, is a management and holding firm that conducts business through its subsidiaries. The Firm operates through three divisions: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc. (PPC). The HBP segment consists of two companies: The AMES Companies, Inc. (AMES) and Clopay Building Products Company, Inc. (CBP). AMES is a well-known provider of non-powered landscaping products for homeowners and professionals. CBP is a maker and marketer of residential, commercial and industrial garage doors to professional dealers and home center retail chains. The Telephonics segment designs, develops and makes integrated information, communication and sensor system solutions for military and commercial markets across the world. The PPC segment is engaged in the development and production of embossed, laminated and printed specialty plastic films used in a range of hygienic, healthcare and industrial applications.

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