The SVP & CFO of Griffon Corp (NYSE: GFF) is Buying Shares

By Carrie Williams

Today, the SVP & CFO of Griffon Corp (GFFResearch Report), Brian G. Harris, bought shares of GFF for $23.6K.

Following Brian G. Harris’ last GFF Buy transaction on June 08, 2010, the stock climbed by 2.8%. This recent transaction increases Brian G. Harris’ holding in the company by 2.43% to a total of $1.02 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 $28.03 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 $551.3M and the company has a P/E ratio of 47.00. Currently, Griffon Corp has an average volume of 50.77K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $15.20, reflecting a 26.0% upside.

The insider sentiment on Griffon Corp has been positive according to 25 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 Home and Building Products, and Defense Electronics segments.