On August 22, 2024, Kevin Sullivan, Director at Griffon Corp (GFF, Financial), executed a sale of 12,447 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 50,390 shares of Griffon Corp.
Griffon Corp operates in the manufacturing sector, primarily focusing on home and building products, along with professional tools. The company's diverse portfolio allows it to serve a wide range of markets, from residential and commercial construction to home improvement and security.
Over the past year, Kevin Sullivan has sold a total of 12,447 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the last year.
Shares of Griffon Corp were priced at $65 on the day of the transaction, positioning the company with a market cap of approximately $3.30 billion. The price-earnings ratio of Griffon Corp stands at 17.94, which is above the industry median of 12.925.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.8. The GF Value of $36.13 is significantly lower than the current trading price, suggesting a potential overvaluation in the market price.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past performance, and future business performance estimates provided by Morningstar analysts.
This insider selling activity and the current stock valuation metrics provide investors with critical data points for monitoring Griffon Corp's stock performance and insider behaviors.
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.
