Griffon Corp Director Jerome Coben Sells 2,000 Shares
Jerome Coben, a director at Griffon Corp (NYSE:GFF), executed a sale of 2,000 shares of the company on February 26, 2024, according to a recent SEC Filing. Griffon Corp is a diversified management and holding company conducting business through wholly-owned subsidiaries. The company oversees the operations of its subsidiaries, allocates resources among them, and manages their capital structures. The business segments of Griffon Corp include Home & Building Products, Telephonics Corporation, and Clopay Plastic Products.
Over the past year, the insider has sold a total of 2,000 shares and has not made any purchases. The recent transaction reflects a continuation of this selling trend.
The insider transaction history for Griffon Corp indicates a pattern of insider sales, with 4 insider sells and no insider buys over the past year.
On the date of the insider's recent transaction, shares of Griffon Corp were trading at $69.44, resulting in a market capitalization of $3.436 billion.
The stock's price-earnings ratio stands at 51.86, surpassing both the industry median of 13.095 and Griffon Corp's historical median price-earnings ratio.
With the current share price of $69.44 and a GuruFocus Value of $32.07, the price-to-GF-Value ratio is 2.17, indicating that the stock is considered Significantly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business projections provided by 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.
This article first appeared on GuruFocus.
