GFF Should I Buy
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Griffon Corp (GFF) does not present a strong buy opportunity for a beginner long-term investor at this moment. While the company has positive catalysts such as a joint venture and share buybacks, the financial performance shows declining net income, EPS, and gross margin. Insider selling and lack of strong trading signals further reduce confidence. Holding the stock or waiting for a better entry point is advisable.
The technical indicators show a mixed picture. The MACD is positive but contracting, RSI is neutral, and moving averages are bullish. Key support is at 82.458, and resistance is at 95.534. The stock is trading near its resistance levels, suggesting limited short-term upside.
The company announced a joint venture with AMES North America and Venanpri Tools, aiming to create a global leader in tools. Additionally, Griffon repurchased $18 million of stock, reducing outstanding shares by 19.3%, and declared a quarterly dividend of $0.22 per share.
Insiders are selling heavily, with a 283.07% increase in selling activity over the last month. The stock has a 70% chance of declining slightly in the next day and month. Financial performance shows declining net income, EPS, and gross margin.
In Q1 2026, revenue increased by 2.64% YoY to $649 million, but net income dropped by 9.12% YoY to $64.39 million. EPS decreased by 5.37%, and gross margin fell by 1.65% YoY to 41.1%.
Analysts are positive on the stock, with Stephens raising the price target to $115 from $92 and Baird increasing it to $108 from $100. Both firms maintain an Overweight/Outperform rating, citing strong free cash flow and a path to becoming a pure play.
