GCP Applied Technologies Inc (GCP) Director Purchases $74,863.80 in Stock

GCP Applied Technologies Inc (NYSE:GCP) Director Danny R. Shepherd purchased 2,388 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of $31.35 per share, for a total transaction of $74,863.80. Following the completion of the purchase, the director now owns 12,768 shares in the company, valued at approximately $400,276.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of GCP Applied Technologies Inc (NYSE:GCP) traded up $0.35 on Monday, reaching $31.55. The company’s stock had a trading volume of 584,462 shares, compared to its average volume of 612,537. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.31 and a quick ratio of 2.09. The company has a market cap of $2,243.94, a price-to-earnings ratio of 4.04, a P/E/G ratio of 1.87 and a beta of 1.22. GCP Applied Technologies Inc has a 1 year low of $27.25 and a 1 year high of $34.79.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $289.50 million during the quarter, compared to analyst estimates of $292.85 million. GCP Applied Technologies had a return on equity of 23.54% and a net margin of 51.03%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. analysts expect that GCP Applied Technologies Inc will post 0.93 earnings per share for the current year.

A number of research firms recently weighed in on GCP. Zacks Investment Research downgraded GCP Applied Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 1st. KeyCorp reissued an “overweight” rating and set a $35.00 price objective (down from $37.00) on shares of GCP Applied Technologies in a report on Wednesday, February 28th. Finally, TheStreet raised GCP Applied Technologies from a “d+” rating to a “c” rating in a report on Friday, November 24th.

A number of institutional investors and hedge funds have recently modified their holdings of GCP. FNY Partners Fund LP bought a new stake in GCP Applied Technologies during the 4th quarter worth approximately $159,000. Cubist Systematic Strategies LLC increased its holdings in GCP Applied Technologies by 211.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,163 shares of the construction company’s stock worth $220,000 after purchasing an additional 4,863 shares in the last quarter. Stifel Financial Corp bought a new position in shares of GCP Applied Technologies in the third quarter valued at approximately $221,000. Jane Street Group LLC bought a new position in shares of GCP Applied Technologies in the third quarter valued at approximately $249,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of GCP Applied Technologies in the fourth quarter valued at approximately $258,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

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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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