FIL Ltd reduced its position in GCP Applied Technologies Inc. (NYSE:GCP) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 167,707 shares of the construction company’s stock after selling 3,961 shares during the period. FIL Ltd owned 0.23% of GCP Applied Technologies worth $5,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of GCP Applied Technologies by 3.4% in the 2nd quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock valued at $275,000 after purchasing an additional 301 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of GCP Applied Technologies by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 25,493 shares of the construction company’s stock valued at $776,000 after purchasing an additional 309 shares during the last quarter. KBC Group NV lifted its holdings in shares of GCP Applied Technologies by 4.0% in the 1st quarter. KBC Group NV now owns 12,064 shares of the construction company’s stock valued at $394,000 after purchasing an additional 464 shares during the last quarter. Symphony Asset Management LLC lifted its holdings in shares of GCP Applied Technologies by 4.1% in the 2nd quarter. Symphony Asset Management LLC now owns 17,770 shares of the construction company’s stock valued at $542,000 after purchasing an additional 698 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of GCP Applied Technologies by 2.3% in the 2nd quarter. Aperio Group LLC now owns 31,311 shares of the construction company’s stock valued at $955,000 after purchasing an additional 709 shares during the last quarter. 82.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on GCP shares. KeyCorp raised GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Thursday, June 22nd. Zacks Investment Research raised GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment 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 a consensus price target of $35.50.

Shares of GCP Applied Technologies Inc. (NYSE GCP) opened at 31.05 on Thursday. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $33.70. The stock has a market capitalization of $2.22 billion, a P/E ratio of 705.68 and a beta of 0.94. The stock has a 50 day moving average price of $29.89 and a 200 day moving average price of $29.89.

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

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About GCP Applied Technologies

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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