State Board of Administration of Florida Retirement System continued to hold its position in GCP Applied Technologies Inc (NYSE:GCP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,153 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned about 0.07% of GCP Applied Technologies worth $1,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in GCP Applied Technologies by 6.8% in the third quarter. BlackRock Fund Advisors now owns 1,915,855 shares of the company’s stock worth $54,257,000 after buying an additional 122,664 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of GCP Applied Technologies by 95.0% in the third quarter. Victory Capital Management Inc. now owns 1,583,108 shares of the company’s stock valued at $44,833,000 after buying an additional 771,129 shares during the period. JPMorgan Chase & Co. boosted its position in shares of GCP Applied Technologies by 295.3% in the third quarter. JPMorgan Chase & Co. now owns 1,394,212 shares of the company’s stock valued at $39,484,000 after buying an additional 1,041,494 shares during the period. York Capital Management Global Advisors LLC acquired a new position in shares of GCP Applied Technologies during the third quarter valued at about $23,833,000. Finally, First Manhattan Co. boosted its position in shares of GCP Applied Technologies by 8.0% in the third quarter. First Manhattan Co. now owns 663,198 shares of the company’s stock valued at $18,781,000 after buying an additional 49,044 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.

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

GCP Applied Technologies Inc (NYSE:GCP) opened at 33.60 on Tuesday. GCP Applied Technologies Inc has a one year low of $19.25 and a one year high of $34.05. The company’s 50 day moving average is $28.91 and its 200 day moving average is $27.59. The stock has a market cap of $2.39 billion and a PE ratio of 32.94.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Thursday, March 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by $0.02. GCP Applied Technologies had a return on equity of 1,424.27% and a net margin of 5.61%. On average, equities research analysts expect that GCP Applied Technologies Inc will post $1.53 EPS for the current year.

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GCP has been the subject of several recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $37.00 target price (up previously from $33.00) on shares of GCP Applied Technologies in a report on Sunday, March 5th. Monness Crespi & Hardt raised shares of GCP Applied Technologies from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, March 3rd. Zacks Investment Research cut shares of GCP Applied Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Finally, Seaport Global Securities initiated coverage on shares of GCP Applied Technologies in a report on Friday, January 20th. They set a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.75.

In other GCP Applied Technologies news, President Gregory E. Poling sold 53,950 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $26.71, for a total transaction of $1,441,004.50. Following the completion of the transaction, the president now owns 40,280 shares in the company, valued at approximately $1,075,878.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

About GCP Applied Technologies

GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).

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