Teachers Advisors LLC cut its position in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 24.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,144,596 shares of the construction company’s stock after selling 362,679 shares during the period. Teachers Advisors LLC owned approximately 1.60% of GCP Applied Technologies worth $34,910,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Symphony Asset Management LLC boosted its stake in shares of GCP Applied Technologies by 4.1% during the 2nd quarter. Symphony Asset Management LLC now owns 17,770 shares of the construction company’s stock worth $542,000 after purchasing an additional 698 shares during the period. Wells Fargo & Company MN boosted its stake in shares of GCP Applied Technologies by 31.3% during the 2nd quarter. Wells Fargo & Company MN now owns 221,019 shares of the construction company’s stock worth $6,741,000 after purchasing an additional 52,640 shares during the period. Atlantic Trust Group LLC boosted its stake in shares of GCP Applied Technologies by 29.9% during the 2nd quarter. Atlantic Trust Group LLC now owns 22,779 shares of the construction company’s stock worth $695,000 after purchasing an additional 5,237 shares during the period. Chilton Investment Co. LLC boosted its stake in shares of GCP Applied Technologies by 4.8% during the 2nd quarter. Chilton Investment Co. LLC now owns 132,799 shares of the construction company’s stock worth $4,050,000 after purchasing an additional 6,096 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 worth $87,269,000 after purchasing an additional 112,941 shares during the period. 82.21% of the stock is owned by hedge funds and other institutional investors.

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Shares of GCP Applied Technologies Inc. (NYSE:GCP) opened at 30.20 on Tuesday. GCP Applied Technologies Inc. has a one year low of $25.10 and a one year high of $33.70. The company’s 50-day moving average is $29.78 and its 200-day moving average is $30.24. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 686.36 and a beta of 0.94.

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 the Zacks’ consensus estimate 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 firm had revenue of $287.20 million during the quarter, compared to analysts’ expectations of $309.70 million. GCP Applied Technologies’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that GCP Applied Technologies Inc. will post $0.78 EPS for the current year.

A number of research firms recently commented on GCP. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. KeyCorp raised shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price target for the company in a research note on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.50.

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.

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

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