SG Americas Securities LLC purchased a new stake in GCP Applied Technologies Inc. (NYSE:GCP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,379 shares of the construction company’s stock, valued at approximately $317,000.
A number of other large investors have also bought and sold shares of the business. KBC Group NV boosted its holdings in GCP Applied Technologies by 4.0% in the first quarter. KBC Group NV now owns 12,064 shares of the construction company’s stock valued at $394,000 after purchasing an additional 464 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in GCP Applied Technologies by 6.4% in the first quarter. Pinnacle Associates Ltd. now owns 8,302 shares of the construction company’s stock valued at $271,000 after purchasing an additional 500 shares during the last quarter. Aperio Group LLC boosted its holdings in GCP Applied Technologies by 2.3% in the second quarter. Aperio Group LLC now owns 31,311 shares of the construction company’s stock valued at $955,000 after purchasing an additional 709 shares during the last quarter. Highbridge Capital Management LLC boosted its holdings in GCP Applied Technologies by 11.0% in the first quarter. Highbridge Capital Management LLC now owns 10,510 shares of the construction company’s stock valued at $344,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Reinhart Partners Inc. boosted its holdings in GCP Applied Technologies by 3.0% in the second quarter. Reinhart Partners Inc. now owns 43,630 shares of the construction company’s stock valued at $1,331,000 after purchasing an additional 1,270 shares during the last quarter. 82.26% of the stock is currently owned by institutional investors.
GCP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. KeyCorp raised shares of 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 issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $35.50.
Shares of GCP Applied Technologies Inc. (NYSE:GCP) opened at 30.00 on Friday. GCP Applied Technologies Inc. has a 1-year low of $25.10 and a 1-year high of $33.70. The stock’s 50 day moving average is $29.66 and its 200 day moving average is $29.08. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 681.82 and a beta of 0.94.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $287.20 million for the quarter, compared to analyst estimates of $309.70 million. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that GCP Applied Technologies Inc. will post $0.78 EPS for the current year.
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GCP Applied Technologies Profile
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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