First Eagle Investment Management LLC grew its holdings in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,336,066 shares of the construction company’s stock after purchasing an additional 62,255 shares during the period. First Eagle Investment Management LLC owned approximately 1.87% of GCP Applied Technologies worth $41,017,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of GCP Applied Technologies by 40.5% during the third quarter. Victory Capital Management Inc. now owns 1,938,292 shares of the construction company’s stock valued at $59,506,000 after purchasing an additional 558,305 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of GCP Applied Technologies by 6.2% during the second quarter. Rhumbline Advisers now owns 89,614 shares of the construction company’s stock valued at $2,733,000 after purchasing an additional 5,205 shares during the last quarter. Cipher Capital LP lifted its holdings in shares of GCP Applied Technologies by 15.7% during the second quarter. Cipher Capital LP now owns 74,255 shares of the construction company’s stock valued at $2,265,000 after purchasing an additional 10,070 shares during the last quarter. State Street Corp lifted its holdings in shares of GCP Applied Technologies by 1.6% during the first quarter. State Street Corp now owns 1,329,112 shares of the construction company’s stock valued at $43,397,000 after purchasing an additional 20,927 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of GCP Applied Technologies by 31.3% during the second quarter. Wells Fargo & Company MN now owns 221,019 shares of the construction company’s stock valued at $6,741,000 after purchasing an additional 52,640 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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In related news, Director Phillip J. Mason bought 3,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $29.96 per share, for a total transaction of $89,880.00. Following the purchase, the director now owns 7,428 shares in the company, valued at $222,542.88. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

Shares of GCP Applied Technologies Inc. (NYSE GCP) traded up $0.20 during midday trading on Tuesday, reaching $28.50. 829,800 shares of the company were exchanged, compared to its average volume of 468,034. GCP Applied Technologies Inc. has a 52 week low of $25.25 and a 52 week high of $34.22. The stock has a market cap of $2,027.30, a price-to-earnings ratio of 41.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.28 and a current ratio of 2.52.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $282.40 million during the quarter, compared to analyst estimates of $279.05 million. GCP Applied Technologies had a net margin of 56.84% and a return on equity of 124.93%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. equities research analysts predict that GCP Applied Technologies Inc. will post 0.62 earnings per share for the current year.

GCP has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating and set a $34.00 target price on shares of GCP Applied Technologies in a report on Friday, November 3rd. Zacks Investment Research upgraded 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 report on Wednesday, October 4th. Finally, Cowen and Company assumed coverage on shares of GCP Applied Technologies in a report on Monday, October 30th. They issued a “market perform” rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. GCP Applied Technologies has a consensus rating of “Buy” and a consensus price target of $34.33.

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.

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

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