|Bid||21.00 x 1300|
|Ask||0.00 x 1000|
|Day's Range||24.02 - 24.70|
|52 Week Range||9.15 - 27.53|
|Beta (5Y Monthly)||2.27|
|PE Ratio (TTM)||21.41|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||0.30 (1.23%)|
|Ex-Dividend Date||Aug 19, 2020|
|1y Target Est||30.00|
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) announced today that it intends to offer and sell, subject to market and other conditions, 8,000,000 shares of common stock in an underwritten public offering. Griffon and a selling stockholder of Griffon intend to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Griffon Corporation is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.