GCP Applied Technologies (NYSE:GCP) Stock Rating Upgraded by Zacks Investment Research

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GCP Applied Technologies (NYSE:GCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “GCP Applied Technologies Inc. offer specialty construction chemicals and building materials as well as packaging technologies. GCP Applied Technologies Inc. is headquatered Cambridge, Massachusetts. “

Shares of GCP opened at $27.11 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.64 and a quick ratio of 2.12. The company has a market capitalization of $1.97 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. GCP Applied Technologies has a 52-week low of $22.49 and a 52-week high of $32.05.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The business had revenue of $226.10 million during the quarter, compared to analyst estimates of $241.63 million. GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, sell-side analysts predict that GCP Applied Technologies will post 1.07 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Whitener Capital Management Inc. boosted its holdings in shares of GCP Applied Technologies by 193.0% in the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock valued at $40,000 after acquiring an additional 1,100 shares during the period. Private Capital Group LLC boosted its holdings in shares of GCP Applied Technologies by 39.5% in the first quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock valued at $45,000 after acquiring an additional 428 shares during the period. Marshall Wace LLP acquired a new stake in shares of GCP Applied Technologies in the first quarter valued at approximately $88,000. Bank of Montreal Can boosted its holdings in shares of GCP Applied Technologies by 15.5% in the fourth quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock valued at $89,000 after acquiring an additional 485 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of GCP Applied Technologies in the first quarter valued at approximately $94,000. 69.91% of the stock is owned by institutional investors and hedge funds.

About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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