Insider Selling: GCP Applied Technologies Inc (GCP) Insider Sells 26,233 Shares of Stock

GCP Applied Technologies Inc (NYSE:GCP) insider Gregory E. Poling sold 26,233 shares of GCP Applied Technologies 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 sale, the insider now owns 81,151 shares of the company’s stock, valued at approximately $2,670,679.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

GCP Applied Technologies Inc (NYSE GCP) traded up $0.05 during trading on Friday, reaching $32.95. 448,100 shares of the company traded hands, compared to its average volume of 548,367. GCP Applied Technologies Inc has a twelve month low of $25.25 and a twelve month high of $34.22. The company has a market cap of $2,356.83, a price-to-earnings ratio of 3.68 and a beta of 1.08. The company has a quick ratio of 2.28, a current ratio of 2.52 and a debt-to-equity ratio of 0.91.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its stake in GCP Applied Technologies by 9.0% in the third quarter. California Public Employees Retirement System now owns 165,715 shares of the construction company’s stock valued at $5,087,000 after buying an additional 13,615 shares in the last quarter. Bamco Inc. NY bought a new position in GCP Applied Technologies in the third quarter valued at approximately $33,770,000. Cubist Systematic Strategies LLC lifted its stake in GCP Applied Technologies by 211.4% in the third quarter. Cubist Systematic Strategies LLC now owns 7,163 shares of the construction company’s stock valued at $220,000 after buying an additional 4,863 shares in the last quarter. Janus Henderson Group PLC lifted its stake in GCP Applied Technologies by 33.2% in the third quarter. Janus Henderson Group PLC now owns 9,542 shares of the construction company’s stock valued at $293,000 after buying an additional 2,377 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in GCP Applied Technologies in the third quarter valued at approximately $249,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on GCP shares. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of GCP Applied Technologies in a research report on Friday, November 3rd. TheStreet raised shares of GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, Cowen initiated coverage on shares of GCP Applied Technologies in a research note on Monday, October 30th. They set a “market perform” rating and a $31.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.33.

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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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