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. “
Separately, ValuEngine upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $266.90 million during the quarter, compared to analyst estimates of $270.05 million. GCP Applied Technologies had a return on equity of 12.00% and a net margin of 6.29%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, research analysts predict that GCP Applied Technologies will post 0.78 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC purchased a new position in GCP Applied Technologies in the third quarter worth about $352,000. Tower Research Capital LLC TRC purchased a new position in GCP Applied Technologies in the third quarter worth about $104,000. First Trust Advisors LP purchased a new position in GCP Applied Technologies in the third quarter worth about $314,000. Gabelli Funds LLC grew its position in GCP Applied Technologies by 4.7% in the third quarter. Gabelli Funds LLC now owns 696,600 shares of the construction company’s stock worth $13,410,000 after acquiring an additional 31,151 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in GCP Applied Technologies by 1.8% in the third quarter. Gamco Investors INC. ET AL now owns 4,282,751 shares of the construction company’s stock worth $82,443,000 after acquiring an additional 74,019 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.
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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