Today’s Price Action: What’s Next for Griffon Corporation After Today’s Big Increase?

Today's Price Action: What's Next for Griffon Corporation After Today's Big Increase?

The stock of Griffon Corporation (NYSE:GFF) is a huge mover today! The stock increased 4.20% or $0.95 on November 23, hitting $23.55. About 405,887 shares traded hands or 56.75% up from the average. Griffon Corporation (NYSE:GFF) has risen 46.36% since April 22, 2016 and is uptrending. It has outperformed by 40.95% the S&P500.
The move comes after 5 months positive chart setup for the $1.08 billion company. It was reported on Nov, 24 by Barchart.com. We have $24.73 PT which if reached, will make NYSE:GFF worth $54.00M more.

Analysts await Griffon Corporation (NYSE:GFF) to report earnings on January, 26.

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 Q2 2016. Its up 0.06, from 0.69 in 2016Q1. The ratio increased, 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.
Qci Asset Management New York last reported 89 shares in the company. Norman Fields Gottscho Cap Mgmt Ltd Liability Corporation holds 0.79% of its portfolio in Griffon Corporation (NYSE:GFF) for 67,025 shares. State Common Retirement Fund owns 48,023 shares or 0% of their US portfolio. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Griffon Corporation (NYSE:GFF). Axa last reported 92,220 shares in the company. Thomas White reported 325 shares or 0% of all its holdings. Moreover, Spark Investment Limited has 0.08% invested in Griffon Corporation (NYSE:GFF) for 53,500 shares. Aperio Group Inc Ltd Liability Co, a California-based fund reported 14,954 shares. Price T Rowe Associate Inc Md owns 18,200 shares or 0% of their US portfolio. State Street accumulated 0% or 724,677 shares. The United Kingdom-based Gsa Prtnrs Llp has invested 0.06% in Griffon Corporation (NYSE:GFF). Moreover, Shell Asset Com has 0.02% invested in Griffon Corporation (NYSE:GFF) for 58,357 shares. Jpmorgan Chase & Communications has 0% invested in the company for 26,564 shares. Ls Invest Advsrs Limited accumulated 1,344 shares or 0% of the stock. Citigroup last reported 32,539 shares in the company.

More recent Griffon Corporation (NYSE:GFF) news were published by: Businesswire.com which released: “Griffon Corporation Declares Quarterly Dividend” on November 16, 2016. Also Businesswire.com published the news titled: “Griffon Corporation Announces Third Quarter Results” on August 03, 2016. Businesswire.com‘s news article titled: “Griffon Corporation Announces Pricing of $125 Million Add-On Offering of …” with publication date: May 13, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment