Director Jerome Coben sold 2,052 shares of Griffon Corp (GFF, Financial) on November 14, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 16,525 shares of the company.
Griffon Corp operates in the manufacturing sector, producing tools, consumer products, and home and building products. The company's diverse portfolio includes well-known brands that serve a variety of industries and consumers.
Over the past year, Jerome Coben has sold a total of 4,052 shares of Griffon Corp and has not made any purchases of the stock. This recent transaction continues a trend seen across the company, where there have been 29 insider sells and no insider buys over the same period.
Shares of Griffon Corp were priced at $76.34 on the day of the sale. The company has a market cap of approximately $3.53 billion. The price-earnings ratio stands at 17.45, which is above the industry median of 12.95.
The stock's valuation metrics show a GF Value of $37.74, indicating that with a current price of $76.34, Griffon Corp is significantly overvalued with a price-to-GF-Value ratio of 2.02.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors, especially in the context of the company's current stock valuation and market performance.
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.
