Griffon Corporation's President Sells Shares
Robert Mehmel, Griffon's President, sold 547 shares in a planned transaction.
Key Points
- Robert Mehmel, President and COO of Griffon Corporation, sold 547 shares at $95.37 each on June 17, 2026, in a planned transaction.
- Griffon Corporation, trading at $88.84, has a market cap of $4.07 billion and a P/E ratio of 87.1.
- Major institutional holders like BlackRock and Vanguard have recently adjusted their positions in Griffon.
On June 17, 2026, Robert Mehmel, the President and COO of Griffon Corporation, sold 547 shares of the company's stock in a planned transaction. The shares were sold at an average price of $95.37, amounting to a total value of $52,167.
Insider Buying and Selling at Griffon Corporation
Robert Mehmel has been actively selling shares of Griffon Corporation. In addition to the 547 shares sold on June 17, he sold 3,018 shares on June 16, 3,272 shares on June 15, and 5,501 shares on June 12. These sales were all part of planned transactions. Meanwhile, Ronald Kramer, Griffon's Chairman and CEO, sold 100,000 shares at $94.92 on June 12, though this was not a planned sale.
Other Institutional Activity in Griffon Corporation
Institutional investors have been making moves with Griffon Corporation's stock. BlackRock, Inc. increased its holdings by 28,152 shares, bringing its total to 5,962,365 shares valued at about $433.3 million. Vanguard Portfolio Management LLC initiated a position with 3,745,114 shares worth approximately $272.2 million. Conversely, State Street Corp reduced its holdings by 36,117 shares, ending with 1,499,356 shares valued at about $109 million.
Griffon Corporation Stock Snapshot
Shares of Griffon Corporation (NYSE:GFF) are currently trading at $88.84. The company has a market capitalization of approximately $4.07 billion and a P/E ratio of 87.1, indicating high valuation compared to earnings. The stock's 52-week range spans from $65.01 to $97.58, with a 50-day moving average of $87.35 and a 200-day moving average of $79.91. Griffon's beta is 1.378, suggesting more volatility than the overall market.
Recent Earnings
Griffon Corporation reported revenue of $2.53 billion, although it saw a slight revenue decline of 1.1%. The company has a net margin of 0.285% and a return on equity of 28.9%. Its next earnings announcement is scheduled for August 5, 2026.
Analysts Set New Price Targets
Analysts are optimistic about Griffon Corporation's stock, with Stephens & Co. maintaining a "buy" rating and setting a price target of $115 on February 9, 2026. The consensus among analysts is also positive, with a "strong buy" recommendation and a mean target price of $118.43.
About Griffon Corporation
Griffon Corporation, based in New York, NY, operates in the Industrials sector, focusing on building products and equipment. The company manufactures a range of products, including garage doors, long-handled tools, and home organization items. Led by CEO Ronald J. Kramer, Griffon serves customers in the United States and internationally, employing about 5,100 people.
Bottom Line
Griffon Corporation's insider activity, particularly planned sales by its President and COO, is part of the broader landscape of stock movements. Investors keep a close watch on these transactions, although they don't necessarily indicate future stock performance. Institutional activity and analyst ratings provide additional context for understanding the company's market position.
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.