CNH Partners LLC Acquires 59,823 Shares of GCP Applied Technologies Inc. (GCP)

CNH Partners LLC increased its holdings in GCP Applied Technologies Inc. (NYSE:GCP) by 12.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 541,335 shares of the construction company’s stock after buying an additional 59,823 shares during the period. CNH Partners LLC owned about 0.76% of GCP Applied Technologies worth $16,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. York Capital Management Global Advisors LLC raised its stake in GCP Applied Technologies by 79.2% in the second quarter. York Capital Management Global Advisors LLC now owns 1,388,234 shares of the construction company’s stock worth $42,341,000 after buying an additional 613,751 shares in the last quarter. State Street Corp raised its stake in GCP Applied Technologies by 22.3% in the second quarter. State Street Corp now owns 1,626,130 shares of the construction company’s stock worth $49,599,000 after buying an additional 297,018 shares in the last quarter. Janus Henderson Group PLC bought a new position in GCP Applied Technologies in the second quarter worth approximately $219,000. Cramer Rosenthal Mcglynn LLC raised its stake in GCP Applied Technologies by 57.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,880,728 shares of the construction company’s stock worth $57,362,000 after buying an additional 687,513 shares in the last quarter. Finally, AHL Partners LLP bought a new position in GCP Applied Technologies in the second quarter worth approximately $258,000. 82.21% of the stock is owned by institutional investors.

A number of equities analysts recently commented on GCP shares. Zacks Investment Research raised shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday. KeyCorp raised shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price objective for the company in a research note on Thursday, June 22nd. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $35.40.

Shares of GCP Applied Technologies Inc. (NYSE GCP) traded down 0.32% during trading on Friday, hitting $31.60. The stock had a trading volume of 354,915 shares. The stock has a market cap of $2.26 billion, a P/E ratio of 718.18 and a beta of 0.97. The stock’s 50 day moving average price is $30.80 and its 200-day moving average price is $30.80. GCP Applied Technologies Inc. has a one year low of $25.10 and a one year high of $33.70.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). GCP Applied Technologies had a net margin of 0.26% and a negative return on equity of 44.32%. The firm had revenue of $287.20 million during the quarter, compared to analyst estimates of $309.70 million. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that GCP Applied Technologies Inc. will post $0.78 earnings per share for the current fiscal year.

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GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.

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

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