Stephens Sees Stronger Outlook for Griffon (GFF), Raises Target after Q1 Beat

Vardah Gill

Tue, February 24, 2026 at 1:41 PM GMT+9 2 min read

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GFF

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Griffon Corporation (NYSE:GFF) is included among the 13 Best Strong Buy Dividend Stocks to Invest in.

Stephens Sees Stronger Outlook for Griffon (GFF), Raises Target after Q1 Beat

On February 9, Stephens analyst Trey Grooms raised his price recommendation on Griffon Corporation (NYSE:GFF) to $115 from $92. The analyst reiterated an Overweight rating on the shares. The change followed fiscal Q1 results that came in ahead of both the firm’s expectations and consensus estimates, reflecting a stronger start to the year than anticipated.

During the fiscal Q1 2026 earnings call, Chairman and CEO Ronald Kramer said the company made meaningful progress across several strategic priorities. He pointed to the formation of a joint venture between AMES North America and Venanpri Tools as a key development. Griffon also generated free cash flow of $99 million during the quarter. Operating performance remained steady in the Home and Building Products segment, while profitability improved in the Consumer and Professional Products division.

Kramer said the joint venture is expected to create a global leader in hand tools, home organization products, and lawn and garden solutions. He explained that combining resources and scale will help the company compete more effectively, especially in international markets where size and distribution matter.

He also discussed Griffon’s broader shift toward becoming a more focused building products company. As part of this effort, the company is reviewing its AMES Australia and U.K. businesses. At the same time, Hunter Fan has been integrated into the Home and Building Products segment to simplify operations and improve alignment. Kramer highlighted the company’s capital allocation activity. Griffon repurchased $18 million of its shares during the quarter, continuing its buyback program. These repurchases have reduced total shares outstanding by 19.3% since the end of the second quarter of fiscal 2023, which reflects a clear focus on shareholder returns.

He added that Griffon continues to return capital through dividends. The Board declared a quarterly dividend of $0.22 per share, marking the company’s 58th consecutive quarterly dividend payment.

Griffon Corporation (NYSE:GFF) operates as a diversified management and holding company through its subsidiaries. Its business is organized into two main segments: Home and Building Products and Consumer and Professional Products.

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