On November 26, 2024, Victor Renuart, a Director at Griffon Corp (GFF, Financial), sold 17,130 shares of the company. Following this transaction, the insider now owns 19,312 shares of Griffon Corp. The details of this transaction can be found in the SEC Filing.
Griffon Corp is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The company operates in various segments, including consumer and professional products, home and building products, and defense electronics.
The insider transaction history for Griffon Corp indicates that there have been no insider buys over the past year, while there have been 31 insider sells during the same period. This recent sale by Victor Renuart is part of this trend.
On the day of the transaction, shares of Griffon Corp were trading at $38.73, giving the stock a market cap of $4,031.381 million. The company's price-earnings ratio stands at 19.93, which is higher than the industry median of 13.08 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $38.73 and a GF Value of $37.72, Griffon Corp has a price-to-GF-Value ratio of 1.03, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
