Posted by admin on Aug 16th, 2022

Texas Permanent School Fund lessened its stake in GCP Applied Technologies Inc. (NYSE:GCP – Get Rating) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,265 shares of the construction company’s stock after selling 592 shares during the period. Texas Permanent School Fund owned 0.05% of GCP Applied Technologies worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GCP. Nuance Investments LLC grew its stake in GCP Applied Technologies by 422.0% in the fourth quarter. Nuance Investments LLC now owns 3,525,785 shares of the construction company’s stock valued at $111,626,000 after purchasing an additional 2,850,312 shares during the last quarter. Versor Investments LP purchased a new position in GCP Applied Technologies in the fourth quarter valued at about $42,231,000. Millennium Management LLC grew its stake in shares of GCP Applied Technologies by 700.9% during the fourth quarter. Millennium Management LLC now owns 928,215 shares of the construction company’s stock worth $29,387,000 after acquiring an additional 812,313 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of GCP Applied Technologies during the fourth quarter worth about $22,235,000. Finally, Alpine Associates Management Inc. purchased a new stake in shares of GCP Applied Technologies during the fourth quarter worth about $17,646,000. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Shares of GCP stock opened at $31.57 on Tuesday. GCP Applied Technologies Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $32.28. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 225.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.22 and a current ratio of 3.93. The stock’s 50-day simple moving average is $31.43 and its 200-day simple moving average is $31.39.

GCP Applied Technologies (NYSE:GCP – Get Rating) last issued its quarterly earnings results on Friday, August 5th. The construction company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). GCP Applied Technologies had a return on equity of 5.90% and a net margin of 1.10%. The business had revenue of $268.40 million for the quarter. During the same quarter last year, the firm earned $0.22 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that GCP Applied Technologies Inc. will post 0.55 earnings per share for the current fiscal 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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