A look into Griffon Corp (GFF)’s deeper side

With 1.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Conglomerates company that operates in wider Industrials sector, reached to the highest price of $80.5928 whereas the lowest price it dropped to was $76.015. The 52-week range on GFF shows that it touched its highest point at $80.85 and its lowest point at $44.03 during that stretch. It currently has a 1-year price target of $94.00. With its current market cap of 3.81 billion, GFF has annualized dividend of $0.60 while the current yield stands at 0.78%. Beta for the stock currently stands at 1.36.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GFF was up-trending over the past week, with a rise of 13.84%, but this was up by 12.26% over a month. Three-month performance surged to 22.10% while six-month performance rose 13.76%. The stock gained 63.82% in the past year, while it has gained 26.97% so far this year. A look at the trailing 12-month EPS for GFF yields 4.24 with Next year EPS estimates of 6.47. For the next quarter, that number is 1.19. This implies an EPS growth rate of 6.79% for this year and 18.34% for next year. EPS is expected to grow by 14.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.22%.

Float and Shares Shorts:

At present, 48.30 million GFF shares are outstanding with a float of 41.01 million shares on hand for trading. On 2024-10-31, short shares totaled 2.67 million, which was 543.0 higher than short shares on 1727654400. In addition to Mr. Ronald J. Kramer as the firm’s Chairman of the Board & CEO, Mr. Robert F. Mehmel serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.7538 of GFF’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GFF reported revenue of $647814000.0 and operating income of $87484000.0. The EBITDA in the recently reported quarter was $105815000.0 and diluted EPS was $0.84.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFF since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GFF analysts setting a high price target of 100.0 and a low target of 86.0, the average target price over the next 12 months is 92.0. Based on these targets, GFF could surge 29.22% to reach the target high and rise by 11.13% to reach the target low. Reaching the average price target will result in a growth of 18.88% from current levels.

Analysts have provided yearly estimates in a range of $4.8595 being high and $4.81408 being low. For GFF, this leads to a yearly average estimate of $4.838. The surprise factor in the prior quarter was $1.31. Based on analyst estimates, the high estimate for the next quarter is $1.36 and the low estimate is $1.23. The average estimate for the next quarter is thus $1.28.