Posted by admin on Aug 17th, 2022

New York State Common Retirement Fund raised its holdings in shares of GCP Applied Technologies Inc. (NYSE:GCP – Get Rating) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,200 shares of the construction company’s stock after buying an additional 11,697 shares during the period. New York State Common Retirement Fund owned about 0.06% of GCP Applied Technologies worth $1,483,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GCP. Quent Capital LLC purchased a new position in shares of GCP Applied Technologies during the fourth quarter valued at approximately $80,000. PenderFund Capital Management Ltd. purchased a new stake in shares of GCP Applied Technologies in the fourth quarter valued at approximately $160,000. Inspire Investing LLC purchased a new stake in shares of GCP Applied Technologies in the first quarter valued at approximately $237,000. Mutual of America Capital Management LLC boosted its holdings in shares of GCP Applied Technologies by 6.1% in the first quarter. Mutual of America Capital Management LLC now owns 7,777 shares of the construction company’s stock valued at $244,000 after purchasing an additional 446 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of GCP Applied Technologies in the fourth quarter valued at approximately $263,000. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Shares of NYSE GCP opened at $31.69 on Wednesday. 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 firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 226.36 and a beta of 0.77. The stock has a 50 day moving average price of $31.44 and a 200 day moving average price of $31.40. GCP Applied Technologies Inc. has a 52-week low of $20.76 and a 52-week high of $32.28.

GCP Applied Technologies (NYSE:GCP – Get Rating) last announced its quarterly 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 during the quarter. GCP Applied Technologies had a net margin of 1.10% and a return on equity of 5.90%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Sell-side analysts expect that GCP Applied Technologies Inc. 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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