Finally Time to Make a Move? Goldman Sachs Initiates Coverage On Griffon (GFF) with $18.0 Price Target

October 2, 2018 - By Richard Conner

Griffon Corporation (NYSE:GFF) Logo

Investors sentiment increased to 3.24 in 2018 Q2. Its up 2.53, from 0.71 in 2018Q1. It is positive, as 2 investors sold Griffon Corporation shares while 23 reduced holdings. 33 funds opened positions while 48 raised stakes. 58.13 million shares or 85.36% more from 31.36 million shares in 2018Q1 were reported.

Morgan Stanley stated it has 0% of its portfolio in Griffon Corporation (NYSE:GFF). Acadian Asset Management Ltd Limited Liability Company has invested 0% in Griffon Corporation (NYSE:GFF). Savings Bank Of Mellon owns 0% invested in Griffon Corporation (NYSE:GFF) for 500,344 shares. Moreover, Ubs Oconnor Limited Co has 0% invested in Griffon Corporation (NYSE:GFF). Us Bancorp De has 928 shares. National Bank Of Nova Scotia reported 0% in Griffon Corporation (NYSE:GFF). First Advsr Lp invested in 74,449 shares. Laurion Cap Mngmt Lp reported 69,100 shares or 0.01% of all its holdings. Gabelli Funds Ltd Llc invested 0.22% of its portfolio in Griffon Corporation (NYSE:GFF). Moreover, Putnam Investments Limited Co has 0.02% invested in Griffon Corporation (NYSE:GFF) for 440,395 shares. Price T Rowe Associate Md has invested 0% in Griffon Corporation (NYSE:GFF). Minnesota-based Thrivent Finance For Lutherans has invested 0% in Griffon Corporation (NYSE:GFF). Arizona State Retirement Sys reported 0.01% stake. Ls Invest Advsr Ltd Liability Co invested in 962 shares. Alliancebernstein L P invested in 0% or 33,643 shares.

Since June 18, 2018, it had 1 buy, and 2 insider sales for $190.26 million activity. $95.22 million worth of Griffon Corporation (NYSE:GFF) was sold by Gross Bradley J. on Tuesday, June 19. TURNBULL CHERYL L bought 10,625 shares worth $191,250.

Why Has Goldman Sachs Given Griffon (GFF) a $18.0 Price Target

In a report issued to clients and investors today, Goldman Sachs analysts has begun Griffon (GFF) coverage with “Neutral” rating, and a $18.0 target price.

The stock decreased 0.45% or $0.07 during the last trading session, reaching $15.38. About 76,188 shares traded. Griffon Corporation (GFF) has declined 3.73% since October 2, 2017 and is downtrending. It has underperformed by 19.35% the S&P500.

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. The company has market cap of $652.38 million. The Company’s Home & Building Products segment makes and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains. It has a 5.71 P/E ratio. The company's Telephonics segment designs, develops, makes, and provides logistical support and lifecycle sustainment services; and intelligence, surveillance, and communications solutions to defense, aerospace, and commercial customers.

Another recent and important Griffon Corporation (NYSE:GFF) news was published by which published an article titled: “Griffon to Participate at Deutsche Bank 26” on September 20, 2018.

Griffon Corporation (NYSE:GFF) Institutional Positions Chart

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