GCP Applied Technologies Inc (NYSE:GCP) Director Danny R. Shepherd Purchases 2,388 Shares

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

NYSE GCP traded down $0.70 during trading on Friday, reaching $29.25. 532,225 shares of the company’s stock were exchanged, compared to its average volume of 617,131. The company has a market cap of $2,110.89, a PE ratio of 45.70, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. The company has a quick ratio of 2.09, a current ratio of 2.31 and a debt-to-equity ratio of 1.06. GCP Applied Technologies Inc has a fifty-two week low of $27.25 and a fifty-two week high of $34.79.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GCP. Gabelli Funds LLC increased its position in GCP Applied Technologies by 15.9% during the third quarter. Gabelli Funds LLC now owns 90,600 shares of the construction company’s stock worth $2,781,000 after buying an additional 12,400 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of GCP Applied Technologies by 6.7% during the third quarter. Sei Investments Co. now owns 160,694 shares of the construction company’s stock worth $4,932,000 after acquiring an additional 10,160 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of GCP Applied Technologies by 4.9% during the third quarter. First Eagle Investment Management LLC now owns 1,336,066 shares of the construction company’s stock worth $41,017,000 after acquiring an additional 62,255 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of GCP Applied Technologies by 5.1% during the third quarter. New York State Common Retirement Fund now owns 247,427 shares of the construction company’s stock worth $7,596,000 after acquiring an additional 11,917 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of GCP Applied Technologies by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 353,393 shares of the construction company’s stock worth $10,848,000 after acquiring an additional 1,947 shares during the period. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. KeyCorp reissued an “overweight” rating and set a $35.00 price target (down previously from $37.00) on shares of GCP Applied Technologies in a research report on Wednesday, February 28th.

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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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