Griffon CEO Ronald Kramer Sells $9.49 Million in Shares
Griffon's CEO, Ronald Kramer, sold 100,000 shares on June 12, valued at $9.49 million.
Key Points
- Ronald Kramer, CEO of Griffon Corporation, sold 100,000 shares for approximately $9.49 million on June 12.
- Griffon Corporation's stock is trading at $93.72 with a market cap of $4.34 billion and a P/E ratio of 92.9.
- Other insiders also traded shares recently, including CFO Brian Harris, who sold 7,500 shares under a planned sale.
On June 12, 2026, Ronald Kramer, the CEO and Chairman of Griffon Corporation (NYSE: GFF), sold 100,000 shares of the company. The shares were sold at an average price of $94.92, totaling approximately $9.49 million. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Griffon Corporation
In addition to Ronald Kramer's transaction, other insiders have been active. Brian Harris, the Executive Vice President and Chief Financial Officer, sold 7,500 shares on June 11 under a pre-planned trading program, at an average price of $95.03. Earlier in the year, Henry Alpert acquired 1,000 shares on March 5 at $79.99, while Lacy Johnson purchased 1,340 shares on February 18.
Griffon Corporation Stock Snapshot
Shares of Griffon Corporation are currently trading at $93.72. The company has a market capitalization of approximately $4.34 billion. Griffon's P/E ratio is 92.9, with a forward P/E of 16.5, indicating expectations of future earnings growth. The stock has seen a 52-week low of $65.01 and a high of $97.58. It has a beta of 1.378, suggesting higher volatility compared to the market. The company's current ratio stands at 2.863, with a quick ratio of 0.723, and a debt-to-equity ratio of 1562.026.
Recent Earnings
Griffon Corporation reported revenue of about $2.53 billion, with a slight decrease of 1.1% in revenue growth. The company achieved a net margin of 0.285% and a return on equity of 28.9%. Earnings per share (EPS) were reported at $1.02. The next earnings date is scheduled for August 5, 2026.
Dividend
Griffon Corporation offers an annual dividend rate of $0.88, yielding 0.93%. The payout ratio is 78.43%, indicating the portion of earnings distributed as dividends.
Analysts Set New Price Targets
On February 9, 2026, Stephens & Co. maintained its 'buy' rating on Griffon Corporation, setting a price target of $115. The consensus among analysts is a 'strong buy', with an average target price of $118.43 based on seven analyst opinions.
About Griffon Corporation
Griffon Corporation operates in the Industrials sector, specializing in building products and equipment. Headquartered in New York, NY, and led by CEO Ronald J. Kramer, the company employs about 5,100 people. Griffon provides a range of home and building products, including garage doors, long-handled tools, and home organization products. It serves a diverse market, including professional dealers, home centers, and e-commerce platforms.
Bottom Line
Ronald Kramer's recent sale of Griffon shares is a notable transaction, reflecting insider activity in the company. Investors often track such insider moves for insights into company leadership's confidence. While this sale is significant, it does not necessarily indicate a negative outlook, as insiders may sell shares for various personal reasons. Griffon's upcoming earnings report on August 5 will provide further insight into the company's financial health.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.