Dimensional Fund Advisors LP Boosts Stake in GCP Applied Technologies Inc. (GCP)

Dimensional Fund Advisors LP boosted its position in GCP Applied Technologies Inc. (NYSE:GCP) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,598 shares of the construction company’s stock after buying an additional 160,534 shares during the period. Dimensional Fund Advisors LP owned approximately 1.03% of GCP Applied Technologies worth $23,920,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in shares of GCP Applied Technologies by 58.0% in the first quarter. UBS Asset Management Americas Inc. now owns 41,303 shares of the construction company’s stock worth $1,349,000 after buying an additional 15,158 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of GCP Applied Technologies by 3,856.2% in the first quarter. BNP Paribas Arbitrage SA now owns 102,664 shares of the construction company’s stock worth $3,352,000 after buying an additional 100,069 shares during the period. Bank of New York Mellon Corp raised its position in shares of GCP Applied Technologies by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 475,124 shares of the construction company’s stock worth $15,513,000 after buying an additional 29,878 shares during the period. Reinhart Partners Inc. bought a new position in shares of GCP Applied Technologies during the first quarter worth approximately $1,383,000. Finally, Tocqueville Asset Management L.P. raised its position in shares of GCP Applied Technologies by 4.6% in the first quarter. Tocqueville Asset Management L.P. now owns 153,043 shares of the construction company’s stock worth $4,997,000 after buying an additional 6,790 shares during the period. 82.21% of the stock is currently owned by institutional investors.

Shares of GCP Applied Technologies Inc. (NYSE GCP) opened at 28.95 on Friday. GCP Applied Technologies Inc. has a 1-year low of $25.10 and a 1-year high of $34.22. The firm has a market capitalization of $2.07 billion, a P/E ratio of 657.95 and a beta of 0.76. The stock’s 50 day moving average is $30.23 and its 200 day moving average is $30.69.

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

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A number of equities analysts have recently issued reports on GCP shares. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. KeyCorp upgraded shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average 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.

Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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