GCP Applied Technologies (NYSE:GCP) Sets New 1-Year Low at $16.63

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GCP Applied Technologies Inc (NYSE:GCP) reached a new 52-week low on Tuesday . The company traded as low as $16.63 and last traded at $16.63, with a volume of 4406 shares changing hands. The stock had previously closed at $17.05.

A number of equities research analysts have recently weighed in on GCP shares. ValuEngine lowered GCP Applied Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

The firm has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $25.45. The stock has a market capitalization of $1.24 billion, a P/E ratio of 18.38, a PEG ratio of 1.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.31 and a current ratio of 2.84.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $262.20 million for the quarter, compared to the consensus estimate of $287.13 million. GCP Applied Technologies had a net margin of 6.95% and a return on equity of 13.16%. GCP Applied Technologies’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. On average, research analysts anticipate that GCP Applied Technologies Inc will post 0.78 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCP. Starboard Value LP lifted its holdings in shares of GCP Applied Technologies by 67.4% during the 2nd quarter. Starboard Value LP now owns 5,322,694 shares of the construction company’s stock valued at $120,506,000 after buying an additional 2,142,694 shares during the period. Nuveen Asset Management LLC raised its holdings in GCP Applied Technologies by 2,475.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,077,629 shares of the construction company’s stock worth $23,344,000 after purchasing an additional 1,035,792 shares during the period. Gamco Investors INC. ET AL raised its holdings in GCP Applied Technologies by 24.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,208,732 shares of the construction company’s stock worth $95,286,000 after purchasing an additional 816,938 shares during the period. Indaba Capital Management L.P. bought a new position in GCP Applied Technologies in the 2nd quarter worth $13,975,000. Finally, Nuance Investments LLC bought a new position in GCP Applied Technologies in the 2nd quarter worth $9,179,000. 70.18% of the stock is currently owned by hedge funds and other institutional investors.

About GCP Applied Technologies (NYSE:GCP)

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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