GCP Applied Technologies Inc. (NYSE:GCP) Position Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC boosted its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 53.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,297 shares of the construction company’s stock after buying an additional 32,621 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.13% of GCP Applied Technologies worth $3,046,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio boosted its stake in shares of GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock valued at $143,000 after buying an additional 3,600 shares during the last quarter. WealthTrust Axiom LLC purchased a new stake in shares of GCP Applied Technologies during the first quarter valued at $210,000. Teza Capital Management LLC purchased a new stake in shares of GCP Applied Technologies during the first quarter valued at $212,000. Trexquant Investment LP purchased a new stake in shares of GCP Applied Technologies during the fourth quarter valued at $221,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of GCP Applied Technologies during the fourth quarter valued at $253,000. 81.36% of the stock is owned by institutional investors and hedge funds.

Shares of GCP Applied Technologies Inc. (NYSE GCP) traded up 1.82% on Friday, reaching $30.80. 254,785 shares of the company’s stock traded hands. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $34.22. The stock has a 50-day moving average of $30.71 and a 200 day moving average of $30.38. The firm has a market cap of $2.20 billion, a P/E ratio of 57.36 and a beta of 0.79.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings data on Tuesday, May 9th. The construction company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.19 by $0.25. The firm had revenue of $225.30 million for the quarter, compared to analysts’ expectations of $314.30 million. GCP Applied Technologies had a negative return on equity of 53.77% and a net margin of 2.99%. On average, equities research analysts expect that GCP Applied Technologies Inc. will post $0.80 earnings per share for the current year.

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GCP has been the subject of several analyst reports. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. KeyCorp raised shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price target for the company in a research report on Thursday, June 22nd. One 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 an average rating of “Buy” and an average target price of $35.50.

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.

Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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