Griffon Corporation (GFF) was Initiated by Sidoti to “Buy”. Sidoti advised their investors in a research report released on Jun 17, 2016.
Griffon Corporation opened for trading at $16.43 and hit $16.62 on the upside on Wednesday, eventually ending the session at $16.47, with a gain of 0.67% or 0.11 points. The heightened volatility saw the trading volume jump to 1,08,996 shares. Company has a market cap of $767 M.
In a different news, on May 17, 2016, Louis J. Grabowsky (director) purchased 1,500 shares at $16.52 per share price. According to the SEC, on May 7, 2015, Robert F Mehmel (COO) purchased 35,000 shares at $15.85 per share price. On May 6, 2015, Ronald J Kramer (CEO) purchased 20,000 shares at $15.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Griffon Corporation (Griffon) is a diversified management and holding company that conducts business through its wholly-owned subsidiaries. The Home & Building Products (HBP) segment of the Company consists of two companies Ames True Temper Inc. (ATT) and Clopay Building Products (CBP). ATT provides non-powered landscaping products for homeowners and professionals. CBP manufactures and sells residential commercial and industrial garage doors to professional installing dealers and major home center retail chains. Telephonics Corporation (Telephonics) designs develops and manufactures high-technology integrated information communication and sensor system solutions for military and commercial markets. Clopay Plastic Products Company (Plastics) develops and produces embossed laminated and printed specialty plastic films used in a variety of hygienic health-care and industrial applications.