New York State Common Retirement Fund increased its position in shares of GCP Applied Technologies Inc (NYSE:GCP) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,427 shares of the construction company’s stock after acquiring an additional 11,917 shares during the quarter. New York State Common Retirement Fund owned about 0.35% of GCP Applied Technologies worth $7,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC purchased a new stake in GCP Applied Technologies during the 2nd quarter worth approximately $219,000. AHL Partners LLP purchased a new stake in GCP Applied Technologies during the 2nd quarter worth approximately $258,000. Amalgamated Bank grew its position in GCP Applied Technologies by 3.4% during the 2nd quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock worth $275,000 after purchasing an additional 301 shares during the last quarter. SG Americas Securities LLC purchased a new stake in GCP Applied Technologies during the 2nd quarter worth approximately $317,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in GCP Applied Technologies during the 2nd quarter worth approximately $365,000. Hedge funds and other institutional investors own 83.96% of the company’s stock.

In other GCP Applied Technologies news, Director Phillip J. Mason acquired 3,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $29.96 per share, with a total value of $89,880.00. Following the acquisition, the director now directly owns 7,428 shares of the company’s stock, valued at $222,542.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.65% of the stock is owned by corporate insiders.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. TheStreet raised shares of GCP Applied Technologies from a “d+” rating to a “c” rating in a report on Friday, November 24th. KeyCorp reaffirmed a “buy” rating and issued a $34.00 price objective on shares of GCP Applied Technologies in a report on Friday, November 3rd. Finally, Cowen began 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 on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.33.

Shares of GCP Applied Technologies Inc (GCP) opened at $32.30 on Friday. The company has a market cap of $2,313.84, a price-to-earnings ratio of 47.50 and a beta of 1.04. The company has a quick ratio of 2.28, a current ratio of 2.52 and a debt-to-equity ratio of 0.91. GCP Applied Technologies Inc has a twelve month low of $25.25 and a twelve month high of $34.22.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $282.40 million for the quarter, compared to the consensus estimate of $279.05 million. GCP Applied Technologies had a net margin of 56.84% and a return on equity of 124.93%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. sell-side analysts predict that GCP Applied Technologies Inc will post 0.63 earnings per share for the current fiscal year.

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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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