News stories about Griffon (NYSE:GFF) have trended positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Griffon earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 45.2199313249201 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Griffon (GFF) traded down $0.15 on Wednesday, reaching $18.55. 2,518 shares of the company traded hands, compared to its average volume of 123,892. The company has a market cap of $899.51, a P/E ratio of 24.09 and a beta of 1.39. Griffon has a 12-month low of $17.60 and a 12-month high of $25.15. The company has a quick ratio of 2.06, a current ratio of 2.92 and a debt-to-equity ratio of 2.85.
Griffon (NYSE:GFF) last posted its quarterly earnings data on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). Griffon had a return on equity of 7.94% and a net margin of 1.83%. The company had revenue of $437.30 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, February 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.51%. Griffon’s payout ratio is currently 36.36%.
In other news, Director Louis J. Grabowsky purchased 2,500 shares of Griffon stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $18.33 per share, for a total transaction of $45,825.00. Following the completion of the transaction, the director now directly owns 32,594 shares in the company, valued at $597,448.02. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 24.80% of the company’s stock.
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through two segments: Home & Building Products (HBP) and Telephonics Corporation (Telephonics). The HBP segment consists of three companies: The AMES Companies, Inc (AMES), Clopay Building Products Company, Inc (CBP) and ClosetMaid LLC (ClosetMaid).