First Republic Investment Management Inc. acquired a new position in shares of GCP Applied Technologies Inc (NYSE:GCP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,224 shares of the construction company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GCP. Whitener Capital Management Inc. increased its holdings in GCP Applied Technologies by 193.0% during the 4th quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,100 shares in the last quarter. Private Capital Group LLC increased its holdings in GCP Applied Technologies by 39.5% during the 1st quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock worth $45,000 after purchasing an additional 428 shares in the last quarter. Bank of Montreal Can increased its holdings in GCP Applied Technologies by 15.5% during the 4th quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock worth $89,000 after purchasing an additional 485 shares in the last quarter. Quantamental Technologies LLC bought a new stake in GCP Applied Technologies during the 4th quarter worth approximately $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GCP Applied Technologies by 19.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock worth $116,000 after purchasing an additional 773 shares in the last quarter. 82.85% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered GCP Applied Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.75.

GCP stock opened at $25.77 on Tuesday. The company has a market capitalization of $1.88 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.64 and a quick ratio of 2.06. GCP Applied Technologies Inc has a 12-month low of $22.49 and a 12-month high of $32.70.

GCP Applied Technologies (NYSE:GCP) last released its earnings results on Wednesday, May 8th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $226.10 million during the quarter, compared to the consensus estimate of $241.63 million. GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. Analysts anticipate that GCP Applied Technologies Inc will post 1.08 earnings per share for the current fiscal year.

In other GCP Applied Technologies news, major shareholder Dalbergia Investments Llc bought 6,990,798 shares of GCP Applied Technologies stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $28.95 per share, with a total value of $202,383,602.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.57% of the company’s stock.

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GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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

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