Shares of GCP Applied Technologies Inc (NYSE:GCP) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.50.
GCP has been the subject of a number of research analyst reports. Seaport Global Securities downgraded GCP Applied Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, November 14th. CL King restated a “neutral” rating on shares of GCP Applied Technologies in a research note on Thursday, December 13th. Finally, Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th.
In related news, CEO Gregory E. Poling sold 32,162 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $25.70, for a total transaction of $826,563.40. Following the completion of the transaction, the chief executive officer now directly owns 78,504 shares in the company, valued at approximately $2,017,552.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Dalbergia Investments Llc acquired 28,400 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were bought at an average price of $25.38 per share, with a total value of $720,792.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC boosted its stake in GCP Applied Technologies by 54.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 51,065 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 18,000 shares during the period. BlueMountain Capital Management LLC boosted its stake in GCP Applied Technologies by 71.0% during the 3rd quarter. BlueMountain Capital Management LLC now owns 21,050 shares of the construction company’s stock valued at $559,000 after purchasing an additional 8,737 shares during the period. Jane Street Group LLC bought a new stake in GCP Applied Technologies during the 3rd quarter valued at approximately $509,000. Tocqueville Asset Management L.P. boosted its stake in GCP Applied Technologies by 30.2% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 626,348 shares of the construction company’s stock valued at $16,630,000 after purchasing an additional 145,430 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in GCP Applied Technologies by 447.6% during the 3rd quarter. Renaissance Technologies LLC now owns 113,900 shares of the construction company’s stock valued at $3,024,000 after purchasing an additional 93,100 shares during the period. Hedge funds and other institutional investors own 83.84% of the company’s stock.
Shares of NYSE GCP traded down $0.04 during trading on Monday, reaching $25.06. The stock had a trading volume of 433,885 shares, compared to its average volume of 544,162. GCP Applied Technologies has a one year low of $22.49 and a one year high of $34.79. The company has a current ratio of 2.31, a quick ratio of 1.92 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. GCP Applied Technologies had a positive return on equity of 12.89% and a negative net margin of 8.19%. The business had revenue of $296.30 million during the quarter, compared to the consensus estimate of $299.50 million. During the same period in the previous year, the business earned $0.22 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that GCP Applied Technologies will post 0.9 earnings per share for the current year.
About GCP Applied Technologies
GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.
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