Gamco Investors INC. ET AL Raises Stake in GCP Applied Technologies Inc (GCP)
Gamco Investors INC. ET AL increased its position in GCP Applied Technologies Inc (NYSE:GCP) by 37.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 659,325 shares of the construction company’s stock after purchasing an additional 178,925 shares during the quarter. Gamco Investors INC. ET AL’s holdings in GCP Applied Technologies were worth $21,032,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Partners Fund LP acquired a new position in GCP Applied Technologies during the 4th quarter valued at about $159,000. Janus Henderson Group PLC acquired a new position in GCP Applied Technologies during the 2nd quarter valued at about $219,000. Cubist Systematic Strategies LLC boosted its stake in GCP Applied Technologies by 211.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,163 shares of the construction company’s stock valued at $220,000 after purchasing an additional 4,863 shares during the last quarter. Stifel Financial Corp acquired a new position in GCP Applied Technologies during the 3rd quarter valued at about $221,000. Finally, Jane Street Group LLC acquired a new position in GCP Applied Technologies during the 3rd quarter valued at about $249,000. Institutional investors own 84.02% of the company’s stock.
In other GCP Applied Technologies news, insider Gregory E. Poling sold 26,233 shares of GCP Applied Technologies stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $32.91, for a total transaction of $863,328.03. Following the transaction, the insider now owns 81,151 shares of the company’s stock, valued at approximately $2,670,679.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.
GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. GCP Applied Technologies had a net margin of 56.84% and a return on equity of 124.93%. The firm had revenue of $282.40 million for the quarter, compared to analysts’ expectations of $279.05 million. During the same quarter last year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts forecast that GCP Applied Technologies Inc will post 0.63 earnings per share for the current year.
A number of equities analysts have issued reports on GCP shares. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of GCP Applied Technologies in a research note on Friday, November 3rd. TheStreet upgraded GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, Cowen started coverage on GCP Applied Technologies in a research note on Monday, October 30th. They set a “market perform” rating and a $31.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. GCP Applied Technologies currently has an average rating of “Hold” and an average target price of $34.80.
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.
Want to see what other hedge funds are holding GCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GCP Applied Technologies Inc (NYSE:GCP).
Receive News & Ratings for GCP Applied Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCP Applied Technologies and related companies with MarketBeat.com's FREE daily email newsletter.