Raymond James Financial Services Advisors Inc. lifted its holdings in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 0.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,671 shares of the construction company’s stock after buying an additional 31 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.13% of GCP Applied Technologies worth $2,796,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of GCP Applied Technologies by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 5,859,400 shares of the construction company’s stock valued at $191,310,000 after buying an additional 273,798 shares during the last quarter. BlackRock Inc. grew its position in shares of GCP Applied Technologies by 53,633.5% during the 1st quarter. BlackRock Inc. now owns 4,539,941 shares of the construction company’s stock valued at $148,228,000 after buying an additional 4,531,492 shares during the last quarter. Iridian Asset Management LLC CT grew its position in shares of GCP Applied Technologies by 24.1% during the 2nd quarter. Iridian Asset Management LLC CT now owns 4,086,040 shares of the construction company’s stock valued at $124,624,000 after buying an additional 794,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of GCP Applied Technologies by 4.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,861,251 shares of the construction company’s stock valued at $87,269,000 after buying an additional 112,941 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its position in shares of GCP Applied Technologies by 57.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,880,728 shares of the construction company’s stock valued at $57,362,000 after buying an additional 687,513 shares during the last quarter. 82.21% of the stock is owned by institutional investors and hedge funds.

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GCP Applied Technologies Inc. (NYSE:GCP) opened at 29.80 on Tuesday. The firm’s 50-day moving average is $30.93 and its 200-day moving average is $30.93. GCP Applied Technologies Inc. has a 1-year low of $25.10 and a 1-year high of $34.22. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 677.27 and a beta of 0.97.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $309.70 million. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that GCP Applied Technologies Inc. will post $0.70 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of GCP Applied Technologies from a “buy” rating to a “hold” rating in a research report on Monday. 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 report on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $35.40.

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 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.

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

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