GFF Stock Summary and Trading Ideas (Griffon | NYSE:GFF)

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.

Griffon trades on the NYSE stock market under the symbol GFF.

As of April 24, 2024, GFF stock price declined to $67.81 with 223,664 million shares trading.

GFF has a beta of 1.33, meaning it tends to be more sensitive to market movements. GFF has a correlation of 0.24 to the broad based SPY ETF.

GFF has a market cap of $3.35 billion. This is considered a Mid Cap stock.

Last quarter Griffon reported $643 million in Revenue and $1.07 earnings per share. This beat revenue expectation by $47 million and exceeded earnings estimates by $.32.

In the last 3 years, GFF stock traded as high as $75.18 and as low as $17.56.

The top ETF exchange traded funds that GFF belongs to (by Net Assets): IJR, CALF, VTI, VB, IWM.

GFF has outperformed the market in the last year with a return of +145.1%, while the SPY ETF gained +24.2%. In the last 3 month period, GFF beat the market returning +16.9%, while SPY returned +4.6%. However, in the most recent 2 weeks GFF has underperformed the stock market by returning -3.1%, while SPY returned -2.7%.

GFF support price is $67.43 and resistance is $70.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GFF stock will trade within this expected range on the day.