Stock Mover of The Day: Griffon Corporation Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Stock Mover of The Day: Griffon Corporation Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Griffon Corporation (NYSE:GFF) hit a new 52-week high and has $24.18 target or 7.00% above today’s $22.60 share price. The 6 months bullish chart indicates low risk for the $1.07 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $24.18 price target is reached, the company will be worth $74.90 million 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 92,119 shares traded hands. Griffon Corporation (NYSE:GFF) has risen 40.77% since April 20, 2016 and is uptrending. It has outperformed by 36.22% 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 increased to 0.75 in 2016 Q2. Its up 0.06, from 0.69 in 2016Q1. The ratio improved, 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.
Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Griffon Corporation (NYSE:GFF) for 49,238 shares. Shell Asset Mngmt has 58,357 shares for 0.02% of their US portfolio. Texas Permanent School Fund holds 0.01% or 28,146 shares in its portfolio. Blackrock Institutional Tru Company Na reported 940,813 shares or 0% of all its holdings. Arizona State Retirement accumulated 19,080 shares or 0% of the stock. California Pub Employees Retirement Sys owns 87,927 shares or 0% of their US portfolio. The British Columbia – Canada-based Connor Clark Lunn Investment Mgmt Ltd has invested 0% in Griffon Corporation (NYSE:GFF). Blackrock Fund last reported 0.01% of its portfolio in the stock. Gamco Inc Et Al accumulated 0.69% or 6.16 million shares. Springbok Limited Liability Company has 4,100 shares for 0.01% of their US portfolio. National Bank & Trust Of America De has 0% invested in the company for 13,014 shares. Credit Suisse Ag accumulated 43,647 shares or 0% of the stock. Boston Advsr Limited Liability Co accumulated 0.11% or 268,059 shares. The Maryland-based Price T Rowe Associate Inc Md has invested 0% in Griffon Corporation (NYSE:GFF). Parametric Port Associates holds 0.01% of its portfolio in Griffon Corporation (NYSE:GFF) for 188,808 shares.

More recent Griffon Corporation (NYSE:GFF) news were published by: Businesswire.com which released: “Griffon Corporation Declares Quarterly Dividend” on November 16, 2016. Also Finance.Yahoo.com published the news titled: “Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and …” on November 09, 2016. Businesswire.com‘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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