GCP Applied Technologies Inc (NYSE:GCP) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.75.

GCP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 15th. KeyCorp restated a “buy” rating and set a $34.00 price objective on shares of GCP Applied Technologies in a report on Friday, November 3rd. TheStreet upgraded shares of GCP Applied Technologies from a “d+” rating to a “c” rating in a report on Friday, November 24th. Finally, Cowen started coverage on shares of GCP Applied Technologies in a report on Monday, October 30th. They set a “market perform” rating and a $31.00 price objective on the stock.

GCP Applied Technologies (NYSE GCP) traded up $0.25 on Wednesday, reaching $31.75. 774,906 shares of the company’s stock traded hands, compared to its average volume of 426,088. The company has a current ratio of 2.52, a quick ratio of 2.28 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $2,290.00 and a price-to-earnings ratio of -58.80. GCP Applied Technologies has a 12 month low of $25.95 and a 12 month high of $34.79.

GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $282.40 million for the quarter, compared to analyst estimates of $279.05 million. GCP Applied Technologies had a net margin of 56.84% and a return on equity of 124.93%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. research analysts forecast that GCP Applied Technologies will post 0.63 earnings per share for the current fiscal year.

In related news, insider Gregory E. Poling sold 26,233 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $32.91, for a total transaction of $863,328.03. Following the sale, the insider now directly owns 81,151 shares in the company, valued at $2,670,679.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.

Several large investors have recently modified their holdings of GCP. Wells Fargo & Company MN raised its holdings in shares of GCP Applied Technologies by 31.3% during the second quarter. Wells Fargo & Company MN now owns 221,019 shares of the construction company’s stock worth $6,741,000 after acquiring an additional 52,640 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of GCP Applied Technologies by 87.5% during the second quarter. Ameriprise Financial Inc. now owns 152,641 shares of the construction company’s stock worth $4,655,000 after acquiring an additional 71,233 shares during the period. Amalgamated Bank raised its holdings in shares of GCP Applied Technologies by 3.4% during the second quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock worth $275,000 after acquiring an additional 301 shares during the period. New York State Common Retirement Fund raised its holdings in shares of GCP Applied Technologies by 17.4% during the second quarter. New York State Common Retirement Fund now owns 235,510 shares of the construction company’s stock worth $7,183,000 after acquiring an additional 34,929 shares during the period. Finally, Northern Trust Corp grew its position in GCP Applied Technologies by 2.2% in the second quarter. Northern Trust Corp now owns 901,731 shares of the construction company’s stock valued at $27,503,000 after purchasing an additional 19,787 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

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GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.

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