Billionaire Gabelli’s 5 Stock Picks with Huge Upside Potential

4. Griffon Corporation (NYSE:GFF)

GAMCO Investors’ Stake Value: $64,013,019

Upside Potential as of November 28: 43.99%

Griffon Corporation (NYSE:GFF) is a diversified management and holding company that conducts business through wholly owned subsidiaries. Its products include garage doors and rolling steel doors, consumer and professional tools, residential, industrial, and commercial fans, and home storage and organization products, among others.

On November 15, Griffon Corporation (NYSE:GFF) released its financial results for the quarter ended September 30, 2023. Its revenue declined by 10% y-o-y to $641 million while it posted a net income of $42 million, compared to a net loss of $417 million.

On the same day, the Board of Directors of Griffin Corporation (NYSE:GFF) authorized the repurchase of an additional $200 million worth of shares of the company which brings total share repurchase authorization to $262 million. It also declared a regular quarterly dividend of $0.15 per share, 20% more than previous quarter’s dividend.