Alliancebernstein L.P. Sells 5,700 Shares of GCP Applied Technologies Inc. (GCP)

Alliancebernstein L.P. lessened its holdings in GCP Applied Technologies Inc. (NYSE:GCP) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 103,030 shares of the construction company’s stock after selling 5,700 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of GCP Applied Technologies worth $3,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of GCP Applied Technologies by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 25,493 shares of the construction company’s stock valued at $776,000 after purchasing an additional 309 shares during the last quarter. KBC Group NV boosted its stake in shares of GCP Applied Technologies by 4.0% in the 1st 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. Aperio Group LLC boosted its stake in shares of GCP Applied Technologies by 2.3% in the 2nd 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 stake in shares of GCP Applied Technologies by 11.0% in the 1st 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 stake in shares of GCP Applied Technologies by 3.0% in the 2nd 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. 82.21% of the stock is currently owned by institutional investors.

Shares of GCP Applied Technologies Inc. (NYSE:GCP) opened at 31.60 on Tuesday. The company has a 50 day moving average of $30.84 and a 200-day moving average of $30.84. The firm has a market capitalization of $2.26 billion, a P/E ratio of 718.18 and a beta of 0.97. GCP Applied Technologies Inc. has a 12 month low of $25.10 and a 12 month high of $33.70.

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

Several research analysts have recently issued reports on GCP shares. 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. 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. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $35.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of GCP Applied Technologies by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 25,493 shares of the construction company’s stock valued at $776,000 after purchasing an additional 309 shares during the last quarter. KBC Group NV boosted its stake in shares of GCP Applied Technologies by 4.0% in the 1st 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. Aperio Group LLC boosted its stake in shares of GCP Applied Technologies by 2.3% in the 2nd 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 stake in shares of GCP Applied Technologies by 11.0% in the 1st 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 stake in shares of GCP Applied Technologies by 3.0% in the 2nd 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. 82.21% of the stock is currently owned by institutional investors.

Shares of GCP Applied Technologies Inc. (NYSE:GCP) opened at 31.60 on Tuesday. The company has a 50 day moving average of $30.84 and a 200-day moving average of $30.84. The firm has a market capitalization of $2.26 billion, a P/E ratio of 718.18 and a beta of 0.97. GCP Applied Technologies Inc. has a 12 month low of $25.10 and a 12 month high of $33.70.

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

Several research analysts have recently issued reports on GCP shares. 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. 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. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $35.40.

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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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