Phillip J. Mason Acquires 3,000 Shares of GCP Applied Technologies Inc. (GCP) Stock
GCP Applied Technologies Inc. (NYSE:GCP) Director Phillip J. Mason bought 3,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $29.96 per share, with a total value of $89,880.00. Following the completion of the transaction, the director now directly owns 7,428 shares of the company’s stock, valued at $222,542.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of GCP Applied Technologies Inc. (GCP) traded up $0.10 during trading hours on Friday, hitting $28.40. The stock had a trading volume of 70,571 shares, compared to its average volume of 464,848. GCP Applied Technologies Inc. has a one year low of $25.25 and a one year high of $34.22. The firm has a market cap of $2,066.70, a P/E ratio of 42.43 and a beta of 0.88. The company has a debt-to-equity ratio of -5.83, a current ratio of 1.39 and a quick ratio of 1.16.
GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. GCP Applied Technologies had a negative return on equity of 36.75% and a net margin of 56.84%. The company had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts expect that GCP Applied Technologies Inc. will post 0.62 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Paloma Partners Management Co acquired a new stake in shares of GCP Applied Technologies during the 1st quarter valued at $213,000. Janus Henderson Group PLC acquired a new stake in shares of GCP Applied Technologies during the 2nd quarter valued at $219,000. AHL Partners LLP acquired a new stake in shares of GCP Applied Technologies during the 2nd quarter valued at $258,000. Amalgamated Bank lifted its position in shares of GCP Applied Technologies by 3.4% during the 2nd quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock valued at $275,000 after acquiring an additional 301 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of GCP Applied Technologies during the 2nd quarter valued at $317,000. Institutional investors own 82.37% of the company’s stock.
A number of research firms have weighed in on GCP. KeyCorp restated a “buy” rating and issued a $34.00 target price on shares of GCP Applied Technologies in a research report on Friday, November 3rd. Cowen and Company began coverage on GCP Applied Technologies in a research report on Monday, October 30th. They issued a “market perform” rating and a $31.00 target price for the company. Finally, Zacks Investment Research downgraded GCP Applied Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.33.
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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