Griffon Corporation is a diversified management and holding company that conducts business through wholly owned subsidiaries. The Company’s segments include Home and Building Products (HBP) and Consumer and Professional Products (CPP). The HBP segment conducts its operations through Clopay Corporation (Clopay). Clopay is the manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. The CPP segment is a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of brands, including AMES, Hunter, True Temper, and ClosetMaid.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 14.28%.
Fairly Valued
The company’s latest PE is 50.39, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 48.35M shares, decreasing 3.37% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 5.97M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.36.