On November 14, 2024, Samanta Hegedus, Director at Griffon Corp (GFF, Financial), executed a sale of 3,095 shares of the company at a price of $80.49 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now directly owns 24,357 shares of Griffon Corp.
Griffon Corp, a diversified management and holding company, conducts business through wholly-owned subsidiaries. These subsidiaries are involved in different sectors, including home and building products, telephonics, and plastic products, providing a range of products and services to various market segments.
Over the past year, the insider transaction history at Griffon Corp shows a total of 29 insider sells and no insider buys. This recent sale by Samanta Hegedus aligns with the ongoing trend of insider sales within the company.
Shares of Griffon Corp were trading at $80.49 on the day of the transaction, giving the company a market cap of approximately $3.53 billion. The price-earnings ratio of the stock stands at 17.45, which is above the industry median of 12.95.
The stock's valuation metrics show a GF Value of $37.73, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 2.13. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
