GCP Applied Technologies Inc (NYSE:GCP) major shareholder Dalbergia Investments Llc acquired 478,252 shares of GCP Applied Technologies stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average price of $25.03 per share, with a total value of $11,970,647.56. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large 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, September 12th, Dalbergia Investments Llc acquired 250,478 shares of GCP Applied Technologies stock. The shares were purchased at an average price of $24.66 per share, with a total value of $6,176,787.48.
  • On Thursday, August 9th, Dalbergia Investments Llc acquired 809,500 shares of GCP Applied Technologies stock. The shares were purchased at an average price of $25.10 per share, with a total value of $20,318,450.00.

GCP Applied Technologies stock traded up $0.10 during mid-day trading on Friday, reaching $25.55. 479,100 shares of the stock traded hands, compared to its average volume of 583,835. The stock has a market cap of $1.79 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.82 and a current ratio of 2.20. GCP Applied Technologies Inc has a 12-month low of $23.85 and a 12-month high of $34.79.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.12). GCP Applied Technologies had a net margin of 48.05% and a return on equity of 10.57%. The company had revenue of $302.80 million for the quarter, compared to the consensus estimate of $321.80 million. sell-side analysts predict that GCP Applied Technologies Inc will post 0.94 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GCP. SG Americas Securities LLC bought a new stake in GCP Applied Technologies during the first quarter valued at about $257,000. Swiss National Bank grew its holdings in GCP Applied Technologies by 2.3% during the first quarter. Swiss National Bank now owns 124,700 shares of the construction company’s stock valued at $3,623,000 after purchasing an additional 2,800 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in GCP Applied Technologies by 15.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 542,161 shares of the construction company’s stock valued at $15,750,000 after purchasing an additional 73,349 shares during the period. King Luther Capital Management Corp grew its holdings in GCP Applied Technologies by 75.8% during the first quarter. King Luther Capital Management Corp now owns 121,300 shares of the construction company’s stock valued at $3,524,000 after purchasing an additional 52,305 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in GCP Applied Technologies by 246.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,631 shares of the construction company’s stock valued at $102,000 after purchasing an additional 2,583 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on GCP. Zacks Investment Research cut GCP Applied Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. KeyCorp reduced their price objective on GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. Seaport Global Securities reiterated a “buy” rating and set a $31.00 price objective on shares of GCP Applied Technologies in a research report 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 price objective for the company. in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. GCP Applied Technologies presently has an average rating of “Hold” and an average price target of $32.40.

About GCP Applied Technologies

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.

Read More: Should I follow buy, hold and sell recommendations?

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.