Gabelli Funds LLC Sells 52,252 Shares of GCP Applied Technologies Inc. (NYSE:GCP)

Gabelli Funds LLC decreased its holdings in GCP Applied Technologies Inc. (NYSE:GCPGet Rating) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 471,294 shares of the construction company’s stock after selling 52,252 shares during the quarter. Gabelli Funds LLC owned approximately 0.64% of GCP Applied Technologies worth $14,921,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of GCP Applied Technologies during the fourth quarter valued at approximately $647,000. Allianz Asset Management GmbH acquired a new stake in shares of GCP Applied Technologies during the 4th quarter worth approximately $22,235,000. Bank of Montreal Can raised its stake in shares of GCP Applied Technologies by 1,633.5% during the fourth quarter. Bank of Montreal Can now owns 451,803 shares of the construction company’s stock worth $14,412,000 after buying an additional 425,740 shares during the last quarter. Citigroup Inc. raised its stake in shares of GCP Applied Technologies by 60.0% during the fourth quarter. Citigroup Inc. now owns 91,329 shares of the construction company’s stock worth $2,891,000 after buying an additional 34,231 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in GCP Applied Technologies in the fourth quarter valued at approximately $264,000. 78.82% of the stock is currently owned by institutional investors.

GCP opened at $31.00 on Monday. The stock has a market cap of $2.29 billion, a P/E ratio of 147.62 and a beta of 0.85. GCP Applied Technologies Inc. has a 12 month low of $20.76 and a 12 month high of $32.28. The company has a quick ratio of 3.22, a current ratio of 3.90 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $31.26 and a 200 day simple moving average of $30.35.

GCP Applied Technologies (NYSE:GCPGet Rating) last posted its earnings results on Monday, May 9th. The construction company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). GCP Applied Technologies had a net margin of 1.59% and a return on equity of 6.29%. The business had revenue of $237.30 million during the quarter, compared to analyst estimates of $233.90 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that GCP Applied Technologies Inc. will post 0.88 earnings per share for the current fiscal year.

GCP has been the topic of several recent research reports. Zacks Investment Research upgraded GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 17th. StockNews.com started coverage on GCP Applied Technologies in a research report on Thursday, March 31st. They set a “hold” rating for the company.

About GCP Applied Technologies (Get Rating)

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. The company's Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, CLARENA RC40, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and control systems under the VERIFI brand; engineered concrete slab systems under the DUCTILCRETE brand; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

See Also

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

Receive News & Ratings for GCP Applied Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCP Applied Technologies and related companies with MarketBeat.com's FREE daily email newsletter.