Worth Watching: What’s in Griffon Corporation After Achieving 52-Week High?

Worth Watching: What's in Griffon Corporation After Achieving 52 Week High?

The stock of Griffon Corporation (NYSE:GFF) hit a new 52-week high and has $31.05 target or 58.00% above today’s $19.65 share price. The 5 months bullish chart indicates low risk for the $912.51 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $31.05 price target is reached, the company will be worth $529.26 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 438,288 shares traded hands or 194.00% up from the average. Griffon Corporation (NYSE:GFF) has risen 18.81% since April 11, 2016 and is uptrending. It has outperformed by 12.67% 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 2016 Q2. Its down 0.20, from 0.89 in 2016Q1. The ratio fall, 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 Ny holds 89 shares or 0% of its portfolio. Wealthtrust Axiom Lc owns 28,590 shares or 0.19% of their US portfolio. Kbc Group Nv last reported 54,367 shares in the company. National Bank Of Montreal Can last reported 607 shares in the company. Texas Permanent School Fund has 0.01% invested in the company for 28,146 shares. Goldman Sachs Group holds 0.03% or 5.83M shares in its portfolio. Moreover, Susquehanna Gru Ltd Liability Partnership has 0% invested in Griffon Corporation (NYSE:GFF) for 10,779 shares. Gamco Investors Et Al, a New York-based fund reported 6.16 million shares. Louisiana State Employees Retirement holds 0.01% or 16,300 shares in its portfolio. Parametric Port Assocs Limited Liability Company has 0.01% invested in the company for 188,808 shares. Us Financial Bank De has invested 0% of its portfolio in Griffon Corporation (NYSE:GFF). Teachers Retirement System Of The State Of Kentucky accumulated 0% or 14,000 shares. Guggenheim Ltd has invested 0.01% of its portfolio in Griffon Corporation (NYSE:GFF). Gabelli Funds Limited Liability Com owns 1.60M shares or 0.16% of their US portfolio. Gsa Cap Partners Llp has 0.06% invested in the company for 62,818 shares.

More important recent Griffon Corporation (NYSE:GFF) news were published by: Businesswire.com which released: “Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and …” on November 09, 2016, also Businesswire.com published article titled: “Griffon Corporation Announces Third Quarter Results”, Businesswire.com published: “Griffon Corporation Announces Pricing of $125 Million Add-On Offering of …” on May 13, 2016. More interesting news about Griffon Corporation (NYSE:GFF) was released by: Moodys.com and their article: “Moody’s says Griffon’s Upsizing of Revolving Credit Facility is a Moderate …” with publication date: March 23, 2016.

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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