GCP Applied Technologies Inc (NYSE:GCP) – Seaport Global Securities issued their Q1 2019 earnings per share estimates for GCP Applied Technologies in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison expects that the construction company will earn $0.19 per share 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 issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The firm had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 7.2% compared to the same quarter last year.
Shares of GCP Applied Technologies (NYSE GCP) traded up $0.50 during trading on Friday, reaching $34.35. The company’s stock had a trading volume of 207,321 shares, compared to its average volume of 402,085. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.28 and a current ratio of 2.52. GCP Applied Technologies has a 52-week low of $25.75 and a 52-week high of $34.55. The firm has a market cap of $2,442.79, a P/E ratio of 3.84 and a beta of 1.08.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in GCP Applied Technologies in the 2nd quarter valued at about $219,000. Cubist Systematic Strategies LLC lifted its position in GCP Applied Technologies by 211.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,163 shares of the construction company’s stock valued at $220,000 after acquiring an additional 4,863 shares in the last quarter. Stifel Financial Corp bought a new position in GCP Applied Technologies in the 3rd quarter valued at about $221,000. Jane Street Group LLC bought a new position in GCP Applied Technologies in the 3rd quarter valued at about $249,000. Finally, AHL Partners LLP bought a new position in GCP Applied Technologies in the 2nd quarter valued at about $258,000. 83.98% of the stock is currently owned by institutional investors and hedge funds.
In other GCP Applied Technologies news, Director Phillip J. Mason purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $29.96 per share, with a total value of $89,880.00. Following the transaction, the director now owns 7,428 shares in the company, valued at $222,542.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory E. Poling sold 26,233 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were 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 disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
About GCP Applied Technologies
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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