Fri Sep 20 08:42:56 UTC 2024: ## Griffon Co. COO Sells Stock for $1 Million

**New York, NY** – Griffon Co. (NYSE: GFF) COO Robert F. Mehmel sold 15,108 shares of the company’s stock on Friday, September 13th, according to a filing with the Securities and Exchange Commission. The sale was conducted at an average price of $66.98, resulting in a total transaction value of $1,011,933.84. Following the sale, Mehmel directly owns 797,806 shares of Griffon Co., valued at approximately $53,437,045.88.

Griffon Co. stock opened at $70.03 on Friday, with a 50-day moving average of $66.23 and a 200-day moving average of $67.35. The company has a market cap of $3.47 billion and a PE ratio of 17.92.

In its most recent quarterly earnings report, released on August 7th, Griffon Co. reported $1.24 EPS, missing the consensus estimate of $1.31 by $0.07. Revenue for the quarter reached $647.80 million, falling short of the expected $688.94 million.

Griffon Co. operates through two segments: Home and Building Products and Consumer and Professional Products. The company manufactures and markets various products including garage doors, fire doors, shutters, and security grilles.

Analysts currently hold a “Buy” rating on Griffon Co., with a consensus price target of $81.50. Institutional investors currently own 73.22% of the company’s stock.

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