Geode Capital Management LLC Raises Holdings in GCP Applied Technologies Inc (NYSE:GCP)

Geode Capital Management LLC grew its holdings in GCP Applied Technologies Inc (NYSE:GCP) by 5.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 745,505 shares of the construction company’s stock after acquiring an additional 38,082 shares during the quarter. Geode Capital Management LLC owned about 1.02% of GCP Applied Technologies worth $13,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mason Street Advisors LLC grew its stake in GCP Applied Technologies by 2.6% during the 4th quarter. Mason Street Advisors LLC now owns 18,735 shares of the construction company’s stock worth $425,000 after buying an additional 475 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in GCP Applied Technologies by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,037 shares of the construction company’s stock worth $126,000 after buying an additional 912 shares during the last quarter. Cove Street Capital LLC grew its stake in GCP Applied Technologies by 0.3% during the 4th quarter. Cove Street Capital LLC now owns 427,700 shares of the construction company’s stock worth $9,713,000 after buying an additional 1,200 shares during the last quarter. Aperio Group LLC grew its stake in GCP Applied Technologies by 5.0% during the 1st quarter. Aperio Group LLC now owns 25,870 shares of the construction company’s stock worth $460,000 after buying an additional 1,237 shares during the last quarter. Finally, Swiss National Bank grew its stake in GCP Applied Technologies by 1.4% during the 1st quarter. Swiss National Bank now owns 126,900 shares of the construction company’s stock worth $2,259,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Shares of GCP stock opened at $17.96 on Wednesday. The stock has a fifty day moving average price of $18.75 and a 200 day moving average price of $19.97. The stock has a market cap of $1.31 billion, a PE ratio of 48.54 and a beta of 0.76. GCP Applied Technologies Inc has a 1 year low of $14.24 and a 1 year high of $24.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.56 and a current ratio of 3.07.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Wednesday, May 6th. The construction company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $216.70 million during the quarter, compared to the consensus estimate of $216.90 million. GCP Applied Technologies had a return on equity of 11.78% and a net margin of 2.59%. GCP Applied Technologies’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that GCP Applied Technologies Inc will post 0.21 earnings per share for the current year.

GCP has been the topic of a number of research reports. Jefferies Financial Group downgraded GCP Applied Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $19.00 in a research note on Monday, March 23rd. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, ValuEngine cut GCP Applied Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd.

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.

Recommended Story: Dividend Aristocrat Index

Institutional Ownership by Quarter for GCP Applied Technologies (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.