A Director at Griffon (NYSE: GFF) is Buying Shares

Today, a Director at Griffon (GFFResearch Report), Kevin F. Sullivan, bought shares of GFF for $98.52K.

This recent transaction increases Kevin F. Sullivan’s holding in the company by 22.98% to a total of $580.5K. In addition to Kevin F. Sullivan, one other GFF executive reported Buy trades in the last month.

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Based on Griffon’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $548 million and quarterly net profit of $10.61 million. In comparison, last year the company earned revenue of $511 million and had a net profit of $8.75 million. The company has a one-year high of $25.50 and a one-year low of $9.15. GFF’s market cap is $599 million and the company has a P/E ratio of 12.50.

The insider sentiment on Griffon has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the following segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. The Consumer and Professional Products segment operates through AMES. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors. The Defense Electronics segment focuses on sophisticated intelligence, surveillance, and communications solutions for defense, aerospace, and commercial customers. The company was founded on May 18, 1959 and is headquartered in New York, NY.