How to Buy Griffon Stock
Griffon Corp
Griffon is a conglomerate company located in New York, United States, which is part of the Industrials sector, and is traded under the ticker GFF on the NYSE exchange.
Griffon stock last closed at $39.11, down 2.3% from the previous day, and has increased 36.6% in one year. It has overperformed other stocks in the Conglomerates industry by 0.29 percentage points. Griffon stock is currently +50.6% from its 52-week low of $25.97, and -10.91% from its 52-week high of $43.90.
There are currently 54.6M shares of GFF outstanding. The market capitalization of GFF is $2.14B. In the past 24 hours, 414,470 GFF shares were traded.
How to Buy Griffon Stock
Not sure how to invest in Griffon stock? Here's how.
- Choose where to buy Griffon stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Griffon stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Evaluate Griffon stock: The Griffon ticker symbol is GFF. Is Griffon stock a good investment? Should you buy shares of GFF? How do GFF's underlying business fundamentals look? Do top analysts think Griffon is a good buy? Why has GFF's stock price moved recently? (Hint: Our stock market research website can help you understand if GFF is a good stock to buy).
- Place your GFF purchase: Decide if you will purchase GFF shares at the current market price or use a limit order to purchase GFF shares at a specific price.
- Keep tabs on your GFF investment: Create a watchlist to monitor your investment in Griffon stock.
Step 1: Choose where to buy Griffon stock
You will need an online brokerage account in order to access the NYSE market and buy GFF stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global markets: From Tech to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to invest in GFF stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Input your personal data to create a new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have filled out your info on one of the best stock market apps, you need to deposit funds:
Check out this video walkthrough if you need help depositing funds into your new investment account.
Step 4: Evaluate Griffon stock
Once you have decided on the best place to buy Griffon stock, it's very important to research their stock before you buy, so you truly wrap your head around the risk and upside.
Overview of key GFF info
Griffon Due Diligence Checks
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can view all of the due diligence checks on GFF's stock page.
Is GFF stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge GFF's intrinsic value.
Using relative valuations measures:
- GFF could be overvalued based on its P/B ratio of 6.36x, relative to Conglomerates industry P/B ratio of 4.33x
You can access additional valuation analysis on GFF's stock here.
A look at GFF Cashflows and Balance Sheet
Signs that GFF is financially healthy:
- There are more short-term assets than short-term liabilities on the GFF balance sheet.
- GFF's operating cash flow of $413.75M allows it to safely service it's debt of $1.73B.
Signs that GFF is not financially healthy:
- GFF earnings of -$300.37M is not enough to cover its interest payments.
- GFF has a relatively high debt to equity ratio of 6.66.
- Total GFF debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the GFF balance sheet.
- GFF profit margin has gone down from 8.9% to -13.8% in the past year.
Is it a good time to buy GFF stock, according to analysts?
Out of 1 Wall Street analysts who give recommendations on GFF, the consensus analyst rating on Griffon is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent GFF Analyst Ratings
Trey Grooms, a top 4% analyst from Stephens & Co. maintains GFF with a strong buy rating and lowers their GFF price target from $52.00 to $37.00, on May 8, 2023.
You can dig deeper into what analysts are saying on the Griffon stock forecast page.
Metrics for Advanced GFF Traders
Is GFF Growing Revenue?
Last year, GFF revenue was $2.75B. Over the past five year, GFF's revenue has gone up by 8.12% per year. This was faster than the Conglomerates industry average of -0.99%.
You can research GFF's earnings and revenue performance here.
Who is buying/selling GFF?
In the last year, executives and large shareholders at GFF have sold more shares than they have bought.
Travis W. Cocke, Director of GFF, was the latest GFF insider to sell. They sold $16,746,400.00 worth of GFF shares on Sep 5, 2023.
Dig into more about who owns GFF shares here.
Can I rely on GFF as an income stream?
Griffon pays a dividend of 6.26%, compared to the Conglomerates industry's average dividend yield of 33.69%. If you owned $1,000 of GFF stock, you would have received $62.64 in the past 12 months.
Griffon dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Griffon dividend yield and history here.
GFF Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your GFF purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your GFF investment
Now that you own some GFF stock, you'll want to keep up with your investment.
Create a watchlist to keep track of your GFF stock.
GFF Feed
How to Buy Stock in Griffon
To reiterate, here are the 6 steps you need to take to buy Griffon stock right now:
- Choose where to buy Griffon stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Griffon stock
- Place your GFF purchase
- Keep tabs on your GFF investment
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Griffon, create a watchlist on WallStreetZen today.
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