Established in 1959, Griffon Corporation (GFF) is a multinational conglomerate holding company that currently conducts its operations through five diversified businesses. Headquartered in New York, USA, Griffon's diversified portfolio covers an array of sectors including Home & Building Products, Defense Electronics, and Telephonics Corporation.
In the Home & Building Products sector, Griffon is a leading name both domestically and internationally, owning several established brands. This segment operates through two companies - The AMES Companies Inc and Clopay Building Products. The AMES Companies, being the leading US manufacturer of non-powered landscaping products, offers a vast range of products such as long-handled tools, wheelbarrows, snow tools, striking tools, etc. On the other hand, Clopay Building Products Company Inc. is renowned for being North America's largest residential garage door manufacturer.
The Defense Electronics sector of Griffon comprises Telephonics Corporation, a highly advanced electronic information and communication systems provider. Telephonics products demonstrate a broad spectrum of applications including surveillance, recognition, and communication systems, used primarily by military, aerospace, and commercial markets.
In addition to its extensive manufacturing capabilities, Griffon Corporation also displays an impressive track record in acquisitions. The company has demonstrated a history of acquiring, managing, and cultivating businesses that complement its existing operations or offer opportunities in new markets.
Financially, Griffon has continued to post resilient results and has maintained consistent growth, despite constant shifts in market dynamics. In 2020, the company achieved approximately $2.2 billion in revenue.
Notably, Griffon upholds a commitment to ethical business practices and corporate responsibility. The company fosters a culture of honesty, integrity, and respect, and it openly communicates its business practices to its stakeholders. Furthermore, Griffon Corporation is dedicated to environmental sustainability, investing in energy-efficient technologies, and minimizing waste across all its operations.
As an established name in the corporate world, Griffon's success can be attributed to its diversified business model, versed business strategy, market expertise, and commitment to excellence, which, in turn, guarantees a significant competitive advantage in a constantly evolving global marketplace. The company is all set to continue its growth trajectory, exploring new opportunities, and consolidating its established customer base.
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Griffon (GFF) is projected to announce its Q4 2026 earnings before market open on Wednesday, November 18th, with analysts forecasting $1.59 EPS and $481.81 million in revenue. The earnings call is scheduled for November 17th at 8:30 AM ET. Shares opened down 2.0% at $104.61, and insiders have sold approximately $1.52 million worth of stock in the last quarter.
Griffon COO Robert Mehmel sold 7,743 shares of company stock for approximately $833,302 on November 5th under a pre-arranged trading plan, retaining 715,289 shares. The company recently exceeded earnings and revenue estimates for its latest quarter, reporting $1.51 EPS and $481.4 million in revenue, though revenue declined year-over-year. Analysts currently hold a "Buy" consensus rating with an average target price of $122.50 for Griffon.
Griffon (GFF) stock saw a 1.85% decline in its latest trading session, underperforming the S&P 500's gain, while the Nasdaq rose and the Dow fell. Despite this recent dip, the stock gained 10.67% over the last month, outperforming its sector and the S&P 500. Analysts project Griffon to report earnings of $1.59 per share, a 3.25% year-over-year growth, with anticipated revenue of $481.08 million.
Zacks Research has downgraded Griffon (NYSE:GFF) from a "strong buy" to a "hold" rating, despite the broader analyst consensus remaining "buy" with a $122.50 target price. The company's shares opened at $92.36 and were trading up 2.9% after exceeding quarterly earnings expectations with $1.51 EPS and $481.37 million in revenue. Insider sales totaling approximately $17.5 million, including significant transactions by CEO Ronald Kramer and Director Kevin Sullivan, have been reported, while institutional investors hold 73.22% of the stock.
Griffon's stock price, currently at US$96.08, may be undervalued by 28% based on discounted cash flow (DCF) analysis. The company has seen a significant 370.5% return over the past five years, prompting an examination of whether its cash flows support this growth. Analyst projections anticipate Griffon's free cash flow to rise to the low to mid-$300 million range in the coming years, indicating that the current market price does not fully reflect its intrinsic value based on these cash flow projections.
Griffon (GFF) stock closed up 1.92% on the most recent trading day, outperforming the S&P 500, Dow, and Nasdaq. Despite a recent monthly loss, it surpassed its sector's performance. The company's upcoming earnings report is highly anticipated, with projected EPS growth of 3.9% and a revenue decline of 27.37% year-over-year.
Corient Private Wealth LP significantly increased its stake in Griffon Corporation (NYSE:GFF) by 316.8% in the second quarter, acquiring 12,075 additional shares, bringing their total holding to 15,886 shares valued at approximately $1.55 million. Griffon's stock maintains a "Strong Buy" rating from analysts with an average price target of $122.50, despite a year-over-year revenue decline of 21.5%. The company also reported strong quarterly earnings, exceeding consensus estimates with $1.51 adjusted EPS.