10 Best Conglomerate Stocks to Buy According to Hedge Funds

4) Griffon Corporation (NYSE:GFF)

Number of Hedge Fund Holders: 28

Griffon Corporation (NYSE:GFF) offers consumer, professional, and home and building products in the US, Europe, Canada, Australia, and internationally.

Griffon Corporation (NYSE:GFF)’s growth is expected to be driven by its Home and Building Products (HBP) segment. This segment saw revenues of $1.6 billion in 2024, which was consistent with the prior year, demonstrating increased residential volume. This was offset by reduced commercial volume. HBP’s Q4 2024 results confirmed the trends Griffon Corporation (NYSE:GFF) saw throughout the year.

At HBP, Griffon Corporation (NYSE:GFF) continues to invest in productivity and innovation to further drive growth. These investments consist of expanding Clopay’s Troy, Ohio sectional door manufacturing capacity and adding advanced manufacturing equipment to better satisfy customer demand for premium products. Furthermore, Griffon Corporation (NYSE:GFF) plans to continue to make investments in capacity expansion and technology in 2025.

In 2025, HBP sales are expected to benefit from increased residential volume. Griffon Corporation (NYSE:GFF) anticipates continued strong performance at HBP with EBITDA margins in excess of 30%. Wall Street believes that ongoing trends in home improvement, driven by increased housing activity, aging housing stock, and a focus on outdoor living, should create sustained demand for HBP products.

As per Wall Street, the shares of Griffon Corporation (NYSE:GFF) have an average price target of $100.00.