Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
Cheryl Turnbull, a director at Griffon Corp (NYSE:GFF), recently sold 3,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The $3.8 billion market cap company has shown impressive momentum, with shares up 46% over the past six months and currently trading near its 52-week high of $86.73. The shares were sold at a weighted average price of $80.80, resulting in a total transaction value of $242,400. According to InvestingPro data, while this insider sale occurred, management has been actively buying back shares, and the company maintains a GREAT financial health score. Following this sale, Turnbull now holds 30,730 shares directly. The shares were sold in multiple transactions at prices ranging from $80.63 to $80.88. Discover 12 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Griffon Corporation has seen positive developments in its financial performance. The company’s first-quarter fiscal year 2025 earnings report showed an earnings per share (EPS) of $1.39, surpassing analysts’ expectations of $1.17. However, Griffon’s revenue came in slightly under the forecasted $638.03 million, recording $632 million, representing a 2% year-over-year decrease. Despite this, the company’s EBITDA margin showed significant improvement, rising to 23% and net income increased to $71 million from the previous year’s $42 million.
Analyst Trey Grooms from Stephens raised Griffon’s stock price target to $105 from the previous $100, maintaining an Overweight rating on the company’s shares. This adjustment followed Griffon’s first-quarter financial results. Grooms noted the promising early indicators of success from Griffon’s global sourcing strategy and favorable price and cost dynamics in the Home and Building Products (HBP) segment.
Griffon’s Consumer Products Group experienced lower sales due to subdued demand but saw an offset from revenues acquired through the Pope acquisition. Meanwhile, the HBP segment reported sales that were essentially flat year-over-year. Management at Griffon reaffirmed the full-year 2025 guidance, expressing confidence in achieving long-term margin targets. These are some of the recent developments for Griffon Corporation.
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