GCP Applied Technologies Inc. (GCP) Position Held by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America maintained its stake in shares of GCP Applied Technologies Inc. (NYSE:GCP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 211,063 shares of the company’s stock at the end of the third quarter. Teachers Insurance & Annuity Association of America owned about 0.30% of GCP Applied Technologies worth $5,977,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of GCP Applied Technologies during the third quarter valued at approximately $1,247,000. CIBC Asset Management Inc increased its stake in shares of GCP Applied Technologies by 3.1% in the third quarter. CIBC Asset Management Inc now owns 10,540 shares of the company’s stock valued at $298,000 after buying an additional 320 shares during the period. Searle & CO. purchased a new stake in shares of GCP Applied Technologies during the third quarter valued at approximately $333,000. Simplex Trading LLC purchased a new stake in shares of GCP Applied Technologies during the third quarter valued at approximately $122,000. Finally, Macquarie Group Ltd. increased its stake in shares of GCP Applied Technologies by 0.5% in the second quarter. Macquarie Group Ltd. now owns 97,650 shares of the company’s stock valued at $2,543,000 after buying an additional 450 shares during the period. 83.75% of the stock is currently owned by institutional investors.

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

GCP Applied Technologies Inc. (NYSE:GCP) opened at 27.20 on Friday. The company has a 50 day moving average of $26.66 and a 200-day moving average of $27.35. The stock has a market cap of $1.93 billion and a P/E ratio of 25.16. GCP Applied Technologies Inc. has a 12-month low of $15.11 and a 12-month high of $30.12.

GCP Applied Technologies (NYSE:GCP) last announced its earnings results on Wednesday, November 9th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.06. The firm earned $342.50 million during the quarter, compared to the consensus estimate of $362.50 million. GCP Applied Technologies had a return on equity of 1,424.27% and a net margin of 5.61%. Equities analysts forecast that GCP Applied Technologies Inc. will post $1.41 earnings per share for the current year.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of GCP Applied Technologies in a report on Wednesday, November 16th. Finally, Seaport Global Securities assumed coverage on shares of GCP Applied Technologies in a report on Friday, January 20th. They set a “buy” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.00.

In other GCP Applied Technologies news, President Gregory E. Poling sold 53,950 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $26.71, for a total value of $1,441,004.50. Following the completion of the transaction, the president now directly owns 40,280 shares in the company, valued at $1,075,878.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).

5 Day Chart for NYSE:GCP

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