GCP Applied Technologies Inc (NYSE:GCP) – Investment analysts at Seaport Global Securities issued their Q1 2019 earnings estimates for GCP Applied Technologies in a research note issued on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the construction company will post earnings per share of $0.19 for the quarter. Seaport Global Securities also issued estimates for GCP Applied Technologies’ Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.46 EPS and Q4 2019 earnings at $0.43 EPS.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS.
Other equities research analysts also recently issued reports about the company. KeyCorp restated a “buy” rating and set a $34.00 price target on shares of GCP Applied Technologies in a research note on Friday, November 3rd. Zacks Investment Research upgraded GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 4th. TheStreet upgraded GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, Cowen started coverage on GCP Applied Technologies in a research note on Monday, October 30th. They set a “market perform” rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.80.
Shares of GCP Applied Technologies (GCP) opened at $34.35 on Friday. The stock has a market capitalization of $2,424.88, a PE ratio of 3.84 and a beta of 1.08. GCP Applied Technologies has a 52 week low of $25.75 and a 52 week high of $34.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.28 and a current ratio of 2.52.
Several large investors have recently made changes to their positions in the stock. Iridian Asset Management LLC CT grew its stake in shares of GCP Applied Technologies by 6.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,329,358 shares of the construction company’s stock valued at $132,911,000 after acquiring an additional 243,318 shares during the period. JPMorgan Chase & Co. grew its stake in shares of GCP Applied Technologies by 3.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,808 shares of the construction company’s stock valued at $90,548,000 after acquiring an additional 107,557 shares during the period. Victory Capital Management Inc. grew its stake in shares of GCP Applied Technologies by 40.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,938,292 shares of the construction company’s stock valued at $59,506,000 after acquiring an additional 558,305 shares during the period. Cramer Rosenthal Mcglynn LLC grew its stake in shares of GCP Applied Technologies by 57.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,880,728 shares of the construction company’s stock valued at $57,362,000 after acquiring an additional 687,513 shares during the period. Finally, State Street Corp grew its stake in shares of GCP Applied Technologies by 22.3% during the 2nd quarter. State Street Corp now owns 1,626,130 shares of the construction company’s stock valued at $49,599,000 after acquiring an additional 297,018 shares during the period. Institutional investors own 83.98% of the company’s stock.
In related news, insider Gregory E. Poling sold 26,233 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $32.91, for a total transaction of $863,328.03. Following the completion of the transaction, the insider now directly owns 81,151 shares in the company, valued at approximately $2,670,679.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Phillip J. Mason acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $29.96 per share, with a total value of $89,880.00. Following the completion of the purchase, the director now owns 7,428 shares in the company, valued at approximately $222,542.88. The disclosure for this purchase can be found here. Insiders own 0.65% 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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