The board of directors of Griffon (GFF) has authorized the repurchase of an additional $400M worth of shares of Griffon common stock. Since April 2023 and through November 12, under previous authorizations, Griffon repurchased a total of 9.4M shares of its common stock, or 16.4% of the outstanding shares, for a total of $458M or an average price of $48.74 per share. As of the market open, Griffon has a total of $400M available under its stock repurchase program.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter