Rhumbline Advisers lessened its holdings in GCP Applied Technologies Inc (NYSE:GCP) by 14.2% during the 4th quarter, Holdings Channel reports. The fund owned 77,351 shares of the construction company’s stock after selling 12,778 shares during the period. Rhumbline Advisers’ holdings in GCP Applied Technologies were worth $2,467,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp grew its position in GCP Applied Technologies by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 353,393 shares of the construction company’s stock valued at $10,848,000 after acquiring an additional 1,947 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of GCP Applied Technologies by 33.2% in the 3rd quarter. Janus Henderson Group PLC now owns 9,542 shares of the construction company’s stock worth $293,000 after buying an additional 2,377 shares during the period. Swiss National Bank lifted its holdings in shares of GCP Applied Technologies by 2.2% in the 4th quarter. Swiss National Bank now owns 121,900 shares of the construction company’s stock worth $3,889,000 after buying an additional 2,600 shares during the period. Legal & General Group Plc lifted its holdings in shares of GCP Applied Technologies by 13.8% in the 3rd quarter. Legal & General Group Plc now owns 29,021 shares of the construction company’s stock worth $890,000 after buying an additional 3,528 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of GCP Applied Technologies by 8.1% in the 3rd quarter. American International Group Inc. now owns 48,096 shares of the construction company’s stock worth $1,477,000 after buying an additional 3,596 shares during the period. 85.13% of the stock is currently owned by institutional investors.
Shares of GCP Applied Technologies Inc (NYSE GCP) opened at $30.35 on Tuesday. GCP Applied Technologies Inc has a 1-year low of $27.25 and a 1-year high of $34.79. The firm has a market capitalization of $2,186.40, a price-to-earnings ratio of 48.25, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.31 and a quick ratio of 2.09.
GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. GCP Applied Technologies had a return on equity of 23.54% and a net margin of 51.03%. The business had revenue of $289.50 million during the quarter, compared to analysts’ expectations of $292.85 million. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts predict that GCP Applied Technologies Inc will post 0.93 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on GCP shares. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. TheStreet upgraded GCP Applied Technologies from a “d+” rating to a “c” rating in a report on Friday, November 24th. Finally, KeyCorp reiterated an “overweight” rating and issued a $35.00 target price (down from $37.00) on shares of GCP Applied Technologies in a report on Wednesday, February 28th.
In related news, insider Gregory E. Poling sold 26,233 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $32.91, for a total transaction of $863,328.03. Following the completion of the sale, the insider now directly owns 81,151 shares in the company, valued at approximately $2,670,679.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Danny R. Shepherd acquired 2,388 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of $31.35 per share, with a total value of $74,863.80. Following the completion of 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 currently owned by corporate insiders.
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GCP Applied Technologies Company 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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