California Public Employees Retirement System Trims Stake in Griffon Corporation (GFF)

California Public Employees Retirement System trimmed its holdings in Griffon Corporation (NYSE:GFF) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,727 shares of the conglomerate’s stock after selling 6,000 shares during the period. California Public Employees Retirement System owned 0.15% of Griffon Corporation worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Griffon Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock worth $156,000 after buying an additional 1,066 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Griffon Corporation by 75.4% during the second quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after buying an additional 5,673 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Griffon Corporation by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 18,850 shares of the conglomerate’s stock worth $414,000 after buying an additional 1,100 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Griffon Corporation by 0.9% during the second quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock worth $500,000 after buying an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Griffon Corporation by 1.3% in the second quarter. Wells Fargo & Company MN now owns 23,363 shares of the conglomerate’s stock worth $513,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

Separately, BidaskClub cut shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

Griffon Corporation (GFF) opened at $20.70 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.72 and a debt-to-equity ratio of 2.49. The stock has a market cap of $961.67, a price-to-earnings ratio of 26.09 and a beta of 1.42. Griffon Corporation has a fifty-two week low of $17.65 and a fifty-two week high of $27.15.

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Griffon Corporation Company Profile

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).

Institutional Ownership by Quarter for Griffon Corporation (NYSE:GFF)

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