UBS Group AG raised its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,667 shares of the construction company’s stock after buying an additional 2,015 shares during the period. UBS Group AG’s holdings in GCP Applied Technologies were worth $478,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Strs Ohio raised its position in GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock worth $143,000 after buying an additional 3,600 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in GCP Applied Technologies during the first quarter worth about $200,000. WealthTrust Axiom LLC purchased a new position in GCP Applied Technologies during the first quarter worth about $210,000. Teza Capital Management LLC purchased a new position in GCP Applied Technologies during the first quarter worth about $212,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of GCP Applied Technologies by 6.4% in the first quarter. Pinnacle Associates Ltd. now owns 8,302 shares of the construction company’s stock worth $271,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 81.64% of the company’s stock.
Shares of GCP Applied Technologies Inc. (NYSE:GCP) opened at 29.95 on Wednesday. The stock’s 50 day moving average is $30.64 and its 200-day moving average is $30.50. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 55.77 and a beta of 0.76. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $34.22.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $287.20 million during the quarter, compared to analyst estimates of $309.70 million. The company’s revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that GCP Applied Technologies Inc. will post $0.78 EPS for the current fiscal year.
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A number of analysts have recently weighed in on the stock. 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 for the company in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.50.
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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