Zacks Investment Research upgraded shares of GCP Applied Technologies Inc. (NYSE:GCP) from a sell rating to a hold rating in a research note published on Thursday morning.

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, KeyCorp upgraded GCP Applied Technologies from a sector weight rating to an overweight rating and set a $36.00 target price on the stock in a research note on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. GCP Applied Technologies has a consensus rating of Buy and an average target price of $35.50.

Shares of GCP Applied Technologies (NYSE GCP) traded down 2.46% during midday trading on Thursday, hitting $27.75. The stock had a trading volume of 395,964 shares. The stock’s 50-day moving average is $29.95 and its 200-day moving average is $30.74. The stock has a market cap of $1.99 billion, a PE ratio of 630.68 and a beta of 0.76. GCP Applied Technologies has a 12 month low of $25.10 and a 12 month high of $34.22.

GCP Applied Technologies (NYSE:GCP) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. GCP Applied Technologies had a negative return on equity of 44.32% and a net margin of 0.26%. The business had revenue of $287.20 million for the quarter, compared to analysts’ expectations of $309.70 million. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts anticipate that GCP Applied Technologies will post $0.78 EPS for the current year.

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A number of hedge funds have recently modified their holdings of GCP. BlackRock Inc. boosted its stake in shares of GCP Applied Technologies by 53,633.5% in the first quarter. BlackRock Inc. now owns 4,539,941 shares of the construction company’s stock worth $148,228,000 after buying an additional 4,531,492 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of GCP Applied Technologies during the first quarter worth approximately $54,104,000. Iridian Asset Management LLC CT boosted its stake in shares of GCP Applied Technologies by 24.1% in the second quarter. Iridian Asset Management LLC CT now owns 4,086,040 shares of the construction company’s stock worth $124,624,000 after buying an additional 794,000 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of GCP Applied Technologies by 57.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,880,728 shares of the construction company’s stock worth $57,362,000 after buying an additional 687,513 shares in the last quarter. Finally, York Capital Management Global Advisors LLC boosted its stake in shares of GCP Applied Technologies by 79.2% in the second quarter. York Capital Management Global Advisors LLC now owns 1,388,234 shares of the construction company’s stock worth $42,341,000 after buying an additional 613,751 shares in the last quarter. 82.21% of the stock is owned by institutional investors.

About GCP Applied Technologies

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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