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James W. Sight, a director at Griffon Corp (NYSE:GFF), recently sold 1,360 shares of the company’s common stock. The company, which has shown impressive momentum with a 46% return over the past six months and maintains a GREAT financial health score according to InvestingPro analysis, continues to demonstrate strong market performance. The transaction, which took place on February 6, involved shares sold at a price of $81 each, totaling $110,160. Following this sale, Sight retains ownership of 15,348 shares in Griffon Corp. With analyst targets ranging from $95 to $115 and management actively buying back shares, InvestingPro subscribers can access detailed insider trading patterns and 11 additional key insights about GFF’s market position.
In other recent news, Griffon Corporation has been making significant strides in its financial performance. The company’s first-quarter earnings for the fiscal year 2025 were reported to have surpassed analysts’ expectations, with earnings per share (EPS) of $1.39, compared to the forecasted $1.17. However, the company’s revenue fell slightly short of expectations, coming in at $632 million versus the forecasted $638.03 million, indicating a 2% year-over-year decrease. Despite this slight shortfall, the company’s EBITDA margin rose by 2.7 percentage points, indicating improved profitability.
Stephens analyst Trey Grooms recently adjusted the price target for Griffon, increasing it to $105 from the previous $100, while maintaining an Overweight rating on the company’s shares. This adjustment came in light of Griffon’s Q1 results and the company’s ability to navigate market challenges while maintaining financial targets.
Additionally, Griffon’s Consumer Products Group experienced lower sales due to subdued demand but saw an offset from revenues acquired through the Pope acquisition. The Home and Building Products segment reported sales that were essentially flat year-over-year, which was attributed to market share gains in the residential sector.
Finally, Griffon’s management reaffirmed the full-year 2025 guidance, expressing confidence in achieving long-term margin targets. These developments highlight Griffon’s strategic initiatives and ability to navigate market challenges while maintaining financial targets.
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