Professional
Added to YB: 2024-03-04
Pitch date: 2024-02-27
GFF [bullish]
Griffon Corporation
+13.43%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
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
$67.92
Price Target
N/A
Dividend
1.03%
EV/EBITDA
8.27
P/E
46.96
EV/Sales
1.90
Sector
Building Products
Category
special_situation
Voss Capital Sold Half of Its Position in Griffon Corporation
GFF: Voss exits board, sells >50% stake; GFF buys back 1.5M shares. Since Nov '21: non-core sale, better governance, 14% buyback + $4 special div = 200%+ TSR vs R2000. Garage doors now a top margin biz. Upside: peer 11.5-12x EBITDA mult, CPP flexibility in '25+, ongoing capital return & strong R&R market.
Read full article (1 min)