Raymond James reiterated coverage on Griffon with a new price target
$GFF
Building Products
Industrials
Raymond James reiterated coverage of Griffon with a rating of Outperform and set a new price target of $27.00 from $26.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/27/2023 | $65.00 | Buy | Deutsche Bank |
| 5/2/2022 | $33.00 → $40.00 | Outperform → Strong Buy | Raymond James |
SC 13G/A - GRIFFON CORP (0000050725) (Subject)
SC 13G/A - GRIFFON CORP (0000050725) (Subject)
SC 13D/A - GRIFFON CORP (0000050725) (Subject)
10-K - GRIFFON CORP (0000050725) (Filer)
8-K - GRIFFON CORP (0000050725) (Filer)
10-Q - GRIFFON CORP (0000050725) (Filer)
Griffon's (NYSE:GFF) short percent of float has fallen 23.62% since its last report. The company recently reported that it has 2.06 million shares sold short, which is 7.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, in the prior year. Excluding all items that affect comparability from both periods, current year adjusted net income was $254.2 million, or $5.12 per share, compared to $247.7 million, or $4.54 per share, in the prior year. For a reconciliation of net income to adjusted net income, and earnings per share to adjusted earning
The Board of Directors of Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) has authorized the repurchase of an additional $400 million worth of shares of Griffon common stock. Since April 2023 and through November 12, 2024, under previous authorizations, Griffon repurchased a total of 9.4 million shares of its common stock, or 16.4% of the outstanding shares, for a total of $458 million or an average price of $48.74 per share. As of the market open today, Griffon has a total of $400 million available under its stock repurchase program. Forward-looking Statements "Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: All statements related to,
The Board of Directors of Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") yesterday declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on December 18, 2024 to shareholders of record as of the close of business on November 25, 2024. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries with acquisition and growth opportunities as well as divestitures. As long-term investors,
Deutsche Bank initiated coverage of Griffon with a rating of Buy and set a new price target of $65.00
Raymond James upgraded Griffon from Outperform to Strong Buy and set a new price target of $40.00 from $33.00 previously
Raymond James reiterated coverage of Griffon with a rating of Outperform and set a new price target of $33.00 from $27.00 previously
4 - GRIFFON CORP (0000050725) (Issuer)
4 - GRIFFON CORP (0000050725) (Issuer)
4 - GRIFFON CORP (0000050725) (Issuer)
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, in the prior year. Excluding all items that affect comparability from both periods, current year adjusted net income was $254.2 million, or $5.12 per share, compared to $247.7 million, or $4.54 per share, in the prior year. For a reconciliation of net income to adjusted net income, and earnings per share to adjusted earning
The Board of Directors of Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") yesterday declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on December 18, 2024 to shareholders of record as of the close of business on November 25, 2024. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries with acquisition and growth opportunities as well as divestitures. As long-term investors,
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today announced it will release the Company's fiscal fourth quarter results on Wednesday, November 13, 2024, followed by a conference call at 8:30 AM ET. The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 13748928. Participants are encouraged to dial-in at least 10 minutes before the scheduled start time. A replay of the call will be available starting on Wednesday, November 13, 2024 at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (Intern
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Voss Capital ("Voss"), which owns approximately 6.0% of the Company's outstanding common stock, including the appointment of Travis W. Cocke, Chief Investment Officer of Voss, to Griffon's Board of Directors (the "Board"). Mr. Cocke will fill the vacancy resulting from the recent passing of Admiral Robert G. Harrison, who served on Griffon's Board for eighteen years with distinction. Mr. Cocke will serve as a member of the Board's Committee on Strategic Considerations and Nominating and Corporate Governance Committee. Ronald J. Kram
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today announced today that Steven M. Lynch, President of Griffon's subsidiary Clopay Corporation ("Clopay"), will retire effective end of the fiscal year 2021. Victor L. "Vic" Weldon, currently Chief Operating Officer of Clopay, will succeed Mr. Lynch. Mr. Lynch, a building products industry veteran, joined Clopay in 2001 and has served as President for the past twelve years. During his tenure as President, Mr. Lynch navigated Clopay through the financial and housing crisis of 2009, consolidated and optimized operations, reset the product portfolio, and invested in Clopay's facilities, equipment, products, technologies, people and
SAN DIEGO, April 27, 2021 /PRNewswire/ -- ImageWare® Systems, Inc. (OTCQB:IWSY) ("ImageWare" or "the Company"), a leader in biometric identification and authentication, announced today that it has appointed shareholder and experienced public company advisor James "Jim" Sight to its Board of Directors, effective April 26, 2021. Following Sight's addition, ImageWare's Board is now expanded from four members to five, including four independent Directors. Sight joins ImageWare with nearly 30 years of experience at the public company board level across several industries, including