GCP Applied Technologies Inc. (NYSE:GCP) Position Reduced by CWM Advisors LLC

CWM Advisors LLC trimmed its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,352 shares of the construction company’s stock after selling 3,024 shares during the quarter. CWM Advisors LLC’s holdings in GCP Applied Technologies were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GCP. Norges Bank bought a new position in GCP Applied Technologies during the 4th quarter valued at $12,845,000. Alliancebernstein L.P. lifted its position in shares of GCP Applied Technologies by 23.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,404,507 shares of the construction company’s stock worth $56,867,000 after buying an additional 454,396 shares during the last quarter. BlackRock Inc. lifted its position in shares of GCP Applied Technologies by 3.5% in the 4th quarter. BlackRock Inc. now owns 7,348,344 shares of the construction company’s stock worth $173,790,000 after buying an additional 251,920 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of GCP Applied Technologies by 2.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,901,668 shares of the construction company’s stock worth $92,274,000 after buying an additional 84,084 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of GCP Applied Technologies by 52.7% in the 4th quarter. Wells Fargo & Company MN now owns 163,221 shares of the construction company’s stock worth $3,860,000 after buying an additional 56,358 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

GCP stock opened at $26.12 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.38 and a debt-to-equity ratio of 0.56. GCP Applied Technologies Inc. has a fifty-two week low of $16.33 and a fifty-two week high of $27.78. The firm’s 50-day simple moving average is $25.56 and its 200 day simple moving average is $24.84. The stock has a market cap of $1.92 billion, a PE ratio of 18.14 and a beta of 0.92.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Monday, May 3rd. The construction company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. GCP Applied Technologies had a net margin of 11.42% and a return on equity of 10.19%. The business had revenue of $222.80 million for the quarter, compared to analysts’ expectations of $202.70 million. During the same quarter last year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that GCP Applied Technologies Inc. will post 0.73 EPS for the current fiscal year.

A number of research analysts have recently issued reports on GCP shares. TheStreet downgraded shares of GCP Applied Technologies from a “b-” rating to a “c” rating in a research report on Tuesday, March 23rd. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 5th.

GCP Applied Technologies 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, CLARENA RC40, 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 control systems under the VERIFI brand; engineered concrete slab systems under the DUCTILCRETE brand; 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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