Eos Focused Equity Management L.P. purchased a new position in GCP Applied Technologies Inc (NYSE:GCP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 79,722 shares of the construction company’s stock, valued at approximately $2,360,000. GCP Applied Technologies comprises approximately 3.1% of Eos Focused Equity Management L.P.’s portfolio, making the stock its 15th largest position.

Several other large investors have also recently modified their holdings of GCP. Private Capital Group LLC lifted its position in GCP Applied Technologies by 39.5% during the first quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock worth $45,000 after buying an additional 428 shares in the last quarter. Bank of Montreal Can raised its position in GCP Applied Technologies by 15.5% in the fourth quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock valued at $89,000 after purchasing an additional 485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in GCP Applied Technologies by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock valued at $116,000 after purchasing an additional 773 shares during the period. Whitener Capital Management Inc. raised its position in GCP Applied Technologies by 193.0% in the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp raised its position in GCP Applied Technologies by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 265,652 shares of the construction company’s stock valued at $6,521,000 after purchasing an additional 1,290 shares during the period. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE GCP opened at $26.08 on Thursday. GCP Applied Technologies Inc has a 1 year low of $22.49 and a 1 year high of $32.70. The stock has a market cap of $1.93 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 2.64.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $241.63 million. GCP Applied Technologies had a return on equity of 14.66% and a net margin of 3.92%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.01 earnings per share. Equities research analysts anticipate that GCP Applied Technologies Inc will post 1.1 earnings per share for the current year.

In other news, major shareholder Dalbergia Investments Llc purchased 6,990,798 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $28.95 per share, for a total transaction of $202,383,602.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.57% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research cut GCP Applied Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.75.

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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.

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

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