Bank of Montreal Can lessened its position in GCP Applied Technologies Inc (NYSE:GCP) by 22.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,788 shares of the construction company’s stock after selling 829 shares during the period. Bank of Montreal Can’s holdings in GCP Applied Technologies were worth $82,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in GCP Applied Technologies by 45.4% during the fourth quarter. Bank of America Corp DE now owns 322,013 shares of the construction company’s stock worth $7,905,000 after buying an additional 100,473 shares during the period. FMR LLC grew its stake in GCP Applied Technologies by 18,840.2% during the fourth quarter. FMR LLC now owns 143,377 shares of the construction company’s stock worth $3,520,000 after buying an additional 142,620 shares during the period. Whitener Capital Management Inc. grew its stake in GCP Applied Technologies by 193.0% during the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock worth $40,000 after buying an additional 1,100 shares during the period. Rhumbline Advisers grew its stake in GCP Applied Technologies by 46.2% during the fourth quarter. Rhumbline Advisers now owns 96,433 shares of the construction company’s stock worth $2,367,000 after buying an additional 30,466 shares during the period. Finally, Squarepoint Ops LLC grew its stake in GCP Applied Technologies by 153.6% during the fourth quarter. Squarepoint Ops LLC now owns 65,571 shares of the construction company’s stock worth $1,610,000 after buying an additional 39,710 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on GCP shares. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. ValuEngine downgraded shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.75.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $226.10 million during the quarter, compared to analyst estimates of $241.63 million. GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The company’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. Sell-side analysts predict that GCP Applied Technologies Inc will post 1.07 earnings per share for the current year.
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 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.
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