The COB & CEO of Griffon Corp (NYSE: GFF) is Buying Shares

By Carrie Williams

Yesterday, the COB & CEO of Griffon Corp (GFFResearch Report), Ronald J. Kramer, bought shares of GFF for $363.7K.

Following this transaction Ronald J. Kramer’s holding in the company was increased by 1.31% to a total of $27.62 million.

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Based on Griffon Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $546 million and GAAP net loss of $1.42 million. In comparison, last year the company earned revenue of $431 million and had a GAAP net loss of $11.95 million. GFF’s market cap is $563.2M and the company has a P/E ratio of 12.92. Currently, Griffon Corp has an average volume of 414.6K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $16.20, reflecting a 36.8% upside.

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Griffon Corp. is a management and holding company, which engages in the provision of direction and assistance to its subsidiaries. It operates through the Home and Building Products and Telephonics Corporation segments.