Fmr LLC bought a new stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 526,400 shares of the construction company’s stock, valued at approximately $17,187,000. Fmr LLC owned approximately 0.74% of GCP Applied Technologies at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. increased its stake in shares of GCP Applied Technologies by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 97,850 shares of the construction company’s stock valued at $2,617,000 after buying an additional 300 shares during the period. KBC Group NV increased its stake in shares of GCP Applied Technologies by 4.0% in the first quarter. KBC Group NV now owns 12,064 shares of the construction company’s stock valued at $394,000 after buying an additional 464 shares during the period. Pinnacle Associates Ltd. increased 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 valued at $271,000 after buying an additional 500 shares during the period. American International Group Inc. increased its stake in shares of GCP Applied Technologies by 5.2% in the first quarter. American International Group Inc. now owns 42,932 shares of the construction company’s stock valued at $1,402,000 after buying an additional 2,138 shares during the period. Finally, Strs Ohio increased its stake in shares of GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock valued at $143,000 after buying an additional 3,600 shares during the period. Institutional investors and hedge funds own 81.36% of the company’s stock.

Shares of GCP Applied Technologies Inc. (GCP) opened at 30.90 on Wednesday. The firm’s 50-day moving average is $30.54 and its 200 day moving average is $30.22. The firm has a market capitalization of $2.21 billion, a P/E ratio of 57.54 and a beta of 0.79. 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 released its earnings results on Tuesday, May 9th. The construction company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.25. The company had revenue of $225.30 million during the quarter, compared to analysts’ expectations of $314.30 million. GCP Applied Technologies had a net margin of 2.99% and a negative return on equity of 53.77%. On average, equities research analysts anticipate that GCP Applied Technologies Inc. will post $0.80 EPS for the current year.

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Several equities research analysts recently issued reports on the stock. 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 target price for the company in a research note on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. GCP Applied Technologies presently 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 three segments: Specialty Construction Chemicals, Specialty Building Materials and Darex Packaging Technologies. 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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