Today’s Market Runner: Is Griffon Corporation a Buy? The Stock Reaches 52-Week High Today

Today's Market Runner: Is Griffon Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Griffon Corporation (NYSE:GFF) hit a new 52-week high and has $25.36 target or 5.00% above today’s $24.15 share price. The 5 months bullish chart indicates low risk for the $1.12 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $25.36 price target is reached, the company will be worth $56.00M 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. The stock last traded at $24.15 per share. It is down 51.70% since April 25, 2016 and is uptrending. It has outperformed by 45.68% the S&P500.

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 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.
Axa last reported 92,220 shares in the company. Blackrock Investment Management Llc holds 0% of its portfolio in Griffon Corporation (NYSE:GFF) for 134,309 shares. The New York-based D E Shaw & Com Inc has invested 0% in Griffon Corporation (NYSE:GFF). Teachers Advsrs Inc holds 51,945 shares or 0% of its portfolio. Pinebridge Invests Lp owns 4,470 shares or 0% of their US portfolio. Wealthtrust Axiom Limited Liability Company last reported 28,590 shares in the company. Retail Bank Of Montreal Can holds 0% or 607 shares in its portfolio. Aperio Group Ltd last reported 0% of its portfolio in the stock. Thomas White, a Illinois-based fund reported 325 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 3,576 shares. Parametric Associate Ltd Company accumulated 188,808 shares or 0.01% of the stock. Qs Ltd Liability Corporation holds 25 shares or 0% of its portfolio. Capstone Asset Mgmt Company reported 20,440 shares or 0.01% of all its holdings. Qci Asset Mgmt Ny owns 89 shares or 0% of their US portfolio. Ameriprise has invested 0% of its portfolio in Griffon Corporation (NYSE:GFF).

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.

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