On November 14, 2024, James Sight, Director at Griffon Corp (GFF, Financial), executed a sale of 3,660 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 16,708 shares of Griffon Corp.
Griffon Corp is engaged in the manufacturing of home and building products as well as the provision of global professional tools. The company operates through multiple segments, offering a diverse range of products and services to its clientele.
Over the past year, James Sight has sold a total of 5,660 shares and has not purchased any shares. This recent sale is part of a broader trend observed within Griffon Corp, where there have been 29 insider sells and no insider buys over the past year.
Shares of Griffon Corp were priced at $76.42 on the day of the transaction. The company currently holds a market cap of approximately $3.53 billion. The price-earnings ratio of Griffon Corp stands at 17.45, which is above the industry median of 12.95.
The stock is considered Significantly Overvalued with a price-to-GF Value ratio of 2.03, based on a GF Value of $37.73. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment.
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.
