Posted by admin on Aug 16th, 2022

GCP Applied Technologies Inc. (NYSE:GCP – Get Rating) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 5,640,000 shares, a decrease of 7.8% from the July 15th total of 6,120,000 shares. Approximately 10.2% of the company’s shares are short sold. Based on an average daily volume of 694,200 shares, the short-interest ratio is currently 8.1 days.

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in shares of GCP Applied Technologies during the 4th quarter worth about $674,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in GCP Applied Technologies by 116.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,796 shares of the construction company’s stock worth $278,000 after purchasing an additional 4,739 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in GCP Applied Technologies by 4.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,632 shares of the construction company’s stock worth $653,000 after purchasing an additional 901 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of GCP Applied Technologies by 2.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 106,501 shares of the construction company’s stock valued at $3,372,000 after purchasing an additional 2,332 shares during the last quarter. Finally, BCK Capital Management LP grew its stake in shares of GCP Applied Technologies by 12.5% during the 4th quarter. BCK Capital Management LP now owns 44,208 shares of the construction company’s stock valued at $1,400,000 after buying an additional 4,906 shares during the period. 78.82% of the stock is currently owned by institutional investors and hedge funds.

GCP Applied Technologies stock opened at $31.57 on Tuesday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 225.50 and a beta of 0.77. GCP Applied Technologies has a 12-month low of $20.76 and a 12-month high of $32.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.93 and a quick ratio of 3.22. The firm’s 50-day moving average is $31.43 and its two-hundred day moving average is $31.39.

GCP Applied Technologies (NYSE:GCP – Get Rating) last announced its earnings results on Friday, August 5th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $268.40 million for the quarter. GCP Applied Technologies had a return on equity of 5.90% and a net margin of 1.10%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. Equities analysts predict that GCP Applied Technologies will post 0.55 earnings per share for the current year.

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. The company's 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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