GCP Applied Technologies Inc (GCP) Major Shareholder Dalbergia Investments Llc Acquires 28,400 Shares

GCP Applied Technologies Inc (NYSE:GCP) major shareholder Dalbergia Investments Llc acquired 28,400 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were bought at an average cost of $25.38 per share, with a total value of $720,792.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Dalbergia Investments Llc also recently made the following trade(s):

  • On Wednesday, October 17th, Dalbergia Investments Llc acquired 200 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.42 per share, with a total value of $5,084.00.
  • On Friday, October 12th, Dalbergia Investments Llc acquired 164,700 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $24.87 per share, with a total value of $4,096,089.00.
  • On Wednesday, October 10th, Dalbergia Investments Llc acquired 325,072 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.15 per share, with a total value of $8,175,560.80.
  • On Monday, October 8th, Dalbergia Investments Llc acquired 15,321 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.23 per share, with a total value of $401,869.83.
  • On Friday, October 5th, Dalbergia Investments Llc acquired 117,000 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.14 per share, with a total value of $3,058,380.00.
  • On Wednesday, October 3rd, Dalbergia Investments Llc acquired 49,080 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.22 per share, with a total value of $1,286,877.60.
  • On Monday, October 1st, Dalbergia Investments Llc acquired 214,600 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.15 per share, with a total value of $5,611,790.00.
  • On Thursday, September 27th, Dalbergia Investments Llc acquired 53,575 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.09 per share, with a total value of $1,397,771.75.
  • On Friday, September 21st, Dalbergia Investments Llc acquired 84,298 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.36 per share, with a total value of $2,222,095.28.
  • On Wednesday, September 19th, Dalbergia Investments Llc acquired 97,031 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.95 per share, with a total value of $2,517,954.45.

Shares of NYSE:GCP opened at $24.22 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.20 and a quick ratio of 1.82. GCP Applied Technologies Inc has a 1 year low of $23.85 and a 1 year high of $34.79. The stock has a market cap of $1.86 billion, a PE ratio of 38.31, a PEG ratio of 1.54 and a beta of 1.12.

GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Tuesday, August 7th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.12). GCP Applied Technologies had a return on equity of 10.57% and a net margin of 48.05%. The firm had revenue of $302.80 million for the quarter, compared to analysts’ expectations of $321.80 million. As a group, sell-side analysts forecast that GCP Applied Technologies Inc will post 0.93 EPS for the current year.

Large investors have recently modified their holdings of the company. Gabelli Funds LLC grew its holdings in shares of GCP Applied Technologies by 78.2% during the 2nd quarter. Gabelli Funds LLC now owns 269,900 shares of the construction company’s stock worth $7,814,000 after purchasing an additional 118,400 shares during the period. SG Americas Securities LLC grew its holdings in shares of GCP Applied Technologies by 829.6% during the 2nd quarter. SG Americas Securities LLC now owns 82,238 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 73,391 shares during the period. Bank of Nova Scotia purchased a new stake in shares of GCP Applied Technologies during the 2nd quarter worth about $3,879,000. Russell Investments Group Ltd. grew its holdings in shares of GCP Applied Technologies by 4.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 62,315 shares of the construction company’s stock worth $1,804,000 after purchasing an additional 2,899 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of GCP Applied Technologies by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 565,291 shares of the construction company’s stock worth $16,366,000 after purchasing an additional 23,130 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. KeyCorp dropped their price objective on shares of GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, August 9th. Seaport Global Securities reaffirmed a “buy” rating and set a $31.00 price objective on shares of GCP Applied Technologies in a research note on Thursday, August 16th. Finally, Monness Crespi & Hardt cut GCP Applied Technologies from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. GCP Applied Technologies presently has a consensus rating of “Hold” and a consensus target price of $32.40.

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 system 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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Insider Buying and Selling by Quarter for GCP Applied Technologies (NYSE:GCP)

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