Professional
Added to YB: 2024-02-19
Pitch date: 2024-02-01
GFF [bullish]
Griffon Corporation
+34.67%
current return
Author Info
No bio for this author
Company Info
Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.
Market Cap
$3.3B
Pitch Price
$57.21
Price Target
N/A
Dividend
1.03%
EV/EBITDA
8.27
P/E
46.96
EV/Sales
1.90
Sector
Building Products
Category
turnaround
Immersion Investments Portfolio Holding - Griffon Corporation
GFF: Strategic review drove buybacks & special div, no sale. Governance reforms: declassified board, 25% vote for special mtg, exec comp -27%. HBP '24 EBITDA margin 30%+ beat estimates, stock +54% Q4. CPP restructuring for better margins. Cheap at 10x EBITDA, 14x earnings.
Read full article (2 min)