Employees Retirement System of Texas continued to hold its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,000 shares of the construction company’s stock at the close of the second quarter. Employees Retirement System of Texas owned about 0.23% of GCP Applied Technologies worth $5,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL raised its stake in shares of GCP Applied Technologies by 99.5% during the second quarter. Tudor Investment Corp ET AL now owns 275,000 shares of the construction company’s stock valued at $8,388,000 after acquiring an additional 137,189 shares during the last quarter. UBS Oconnor LLC bought a new position in shares of GCP Applied Technologies during the second quarter valued at about $2,745,000. HighVista Strategies LLC bought a new position in shares of GCP Applied Technologies during the second quarter valued at about $1,083,000. Voya Investment Management LLC raised its stake in shares of GCP Applied Technologies by 12.8% during the second quarter. Voya Investment Management LLC now owns 33,328 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 3,769 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of GCP Applied Technologies during the second quarter valued at about $1,210,000. 82.21% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday. KeyCorp raised shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price objective for the company in a research note on Thursday, June 22nd. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $35.40.

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GCP Applied Technologies Inc. (NYSE GCP) opened at 31.70 on Friday. The stock’s 50 day moving average is $30.76 and its 200 day moving average is $30.76. The company has a market capitalization of $2.27 billion, a P/E ratio of 720.45 and a beta of 0.97. GCP Applied Technologies Inc. has a 52 week low of $25.10 and a 52 week high of $33.70.

GCP Applied Technologies (NYSE:GCP) last posted 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 net margin of 0.26% and a negative return on equity of 44.32%. The business had revenue of $287.20 million during the quarter, compared to the consensus estimate of $309.70 million. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that GCP Applied Technologies Inc. will post $0.78 earnings per share for the current year.

GCP Applied Technologies 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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