Teachers Advisors LLC decreased its holdings in shares of GCP Applied Technologies Inc (NYSE:GCP) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,028,935 shares of the construction company’s stock after selling 30,213 shares during the quarter. Teachers Advisors LLC owned about 1.44% of GCP Applied Technologies worth $32,823,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. FNY Partners Fund LP acquired a new stake in shares of GCP Applied Technologies during the 4th quarter worth approximately $159,000. Cubist Systematic Strategies LLC grew its position in shares of GCP Applied Technologies by 211.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,163 shares of the construction company’s stock worth $220,000 after buying an additional 4,863 shares during the period. Stifel Financial Corp acquired a new stake in shares of GCP Applied Technologies during the 3rd quarter worth approximately $221,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of GCP Applied Technologies during the 4th quarter worth approximately $258,000. Finally, Jane Street Group LLC acquired a new stake in shares of GCP Applied Technologies during the 3rd quarter worth approximately $249,000. Institutional investors own 85.13% of the company’s stock.
In related news, VP Kenneth S. Korotkin sold 6,889 shares of GCP Applied Technologies stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $31.43, for a total transaction of $216,521.27. Following the transaction, the vice president now owns 4,712 shares of the company’s stock, valued at approximately $148,098.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Danny R. Shepherd acquired 2,388 shares of GCP Applied Technologies stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of $31.35 per share, for a total transaction of $74,863.80. Following the purchase, the director now directly owns 12,768 shares in the company, valued at $400,276.80. The disclosure for this purchase can be found here. 0.65% of the stock is owned by company insiders.
Several equities research analysts have recently commented on GCP shares. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. KeyCorp reiterated an “overweight” rating and set a $35.00 price target (down previously from $37.00) on shares of GCP Applied Technologies in a research report on Wednesday, February 28th. Finally, TheStreet upgraded shares of GCP Applied Technologies from a “d+” rating to a “c” rating in a research report on Friday, November 24th.
GCP Applied Technologies stock opened at $29.95 on Thursday. GCP Applied Technologies Inc has a one year low of $27.25 and a one year high of $34.79. The firm has a market cap of $2,175.61, a P/E ratio of 48.02, a P/E/G ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.09 and a current ratio of 2.31.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. GCP Applied Technologies had a net margin of 51.03% and a return on equity of 23.54%. The business had revenue of $289.50 million for the quarter, compared to analyst estimates of $292.85 million. During the same quarter last year, the firm earned $0.18 EPS. GCP Applied Technologies’s quarterly revenue was up 10.7% compared to the same quarter last year. analysts forecast that GCP Applied Technologies Inc will post 0.93 earnings per share for the current fiscal 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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