BlackRock Investment Management LLC boosted its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,830 shares of the company’s stock after buying an additional 2,588 shares during the period. BlackRock Investment Management LLC owned approximately 0.38% of GCP Applied Technologies worth $7,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GCP. Exane Asset Management increased its position in GCP Applied Technologies by 24.8% in the third quarter. Exane Asset Management now owns 294,540 shares of the company’s stock valued at $8,341,000 after buying an additional 58,554 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in GCP Applied Technologies by 99.4% in the third quarter. BNP Paribas Arbitrage SA now owns 5,955 shares of the company’s stock valued at $169,000 after buying an additional 2,968 shares in the last quarter. First Manhattan Co. increased its position in GCP Applied Technologies by 8.0% in the third quarter. First Manhattan Co. now owns 663,198 shares of the company’s stock valued at $18,781,000 after buying an additional 49,044 shares in the last quarter. PNC Financial Services Group Inc. increased its position in GCP Applied Technologies by 1,331.6% in the third quarter. PNC Financial Services Group Inc. now owns 69,803 shares of the company’s stock valued at $1,976,000 after buying an additional 64,927 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in GCP Applied Technologies by 50.5% in the third quarter. Wells Fargo & Company MN now owns 81,045 shares of the company’s stock valued at $2,295,000 after buying an additional 27,205 shares in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

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

Shares of GCP Applied Technologies Inc. (NYSE:GCP) traded up 0.97% during mid-day trading on Friday, reaching $26.00. The company’s stock had a trading volume of 17,770 shares. The company’s 50-day moving average is $27.39 and its 200 day moving average is $27.29. The firm has a market capitalization of $1.85 billion and a P/E ratio of 24.05. GCP Applied Technologies Inc. has a 1-year low of $14.47 and a 1-year high of $30.12.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.06. GCP Applied Technologies had a net margin of 5.61% and a return on equity of 1,424.27%. The business earned $342.50 million during the quarter, compared to analysts’ expectations of $362.50 million. On average, analysts expect that GCP Applied Technologies Inc. will post $1.41 earnings per share for the current year.

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Several research analysts recently commented on GCP shares. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Jefferies Group restated a “buy” rating and issued a $33.00 target price on shares of GCP Applied Technologies in a report on Wednesday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.67.

In related news, President Gregory E. Poling sold 53,950 shares of GCP Applied Technologies stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $26.71, for a total value of $1,441,004.50. Following the sale, the president now directly owns 40,280 shares in the company, valued at $1,075,878.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).

5 Day Chart for NYSE:GCP

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