Zacks Investment Research upgraded shares of GCP Applied Technologies (NYSE:GCP) from a sell rating to a hold rating in a report issued on Friday.
According to Zacks, “GCP Applied Technologies Inc. offer specialty construction chemicals and building materials as well as packaging technologies. GCP Applied Technologies Inc. is headquatered Cambridge, Massachusetts. “
Several other equities research analysts have also weighed in on the company. Seaport Global Securities lowered GCP Applied Technologies from a buy rating to a neutral rating in a research note on Wednesday, November 14th. CL King reissued a neutral rating on shares of GCP Applied Technologies in a research note on Thursday, December 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. GCP Applied Technologies currently has an average rating of Hold and an average price target of $32.75.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $296.30 million during the quarter, compared to analyst estimates of $299.50 million. GCP Applied Technologies had a positive return on equity of 12.89% and a negative net margin of 8.19%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. Equities research analysts forecast that GCP Applied Technologies will post 0.9 earnings per share for the current year.
In other news, CEO Gregory E. Poling sold 32,162 shares of the firm’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 sale, the chief executive officer now directly owns 78,504 shares of the company’s stock, valued at approximately $2,017,552.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GCP. Tower Research Capital LLC TRC bought a new stake in shares of GCP Applied Technologies during the 3rd quarter worth $185,000. First Republic Investment Management Inc. purchased a new stake in shares of GCP Applied Technologies in the second quarter valued at $206,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of GCP Applied Technologies in the third quarter valued at $226,000. Brown Advisory Inc. lifted its holdings in shares of GCP Applied Technologies by 33.4% in the second quarter. Brown Advisory Inc. now owns 10,395 shares of the construction company’s stock valued at $301,000 after purchasing an additional 2,600 shares in the last quarter. Finally, BlueMountain Capital Management LLC lifted its holdings in shares of GCP Applied Technologies by 415.8% in the second quarter. BlueMountain Capital Management LLC now owns 12,313 shares of the construction company’s stock valued at $356,000 after purchasing an additional 9,926 shares in the last quarter. 83.84% of the stock is owned by institutional investors and hedge funds.
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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