State Board of Administration of Florida Retirement System Has $1,288,000 Stake in GCP Applied Technologies Inc (GCP)

State Board of Administration of Florida Retirement System maintained its position in GCP Applied Technologies Inc (NYSE:GCP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,153 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in GCP Applied Technologies were worth $1,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in GCP Applied Technologies by 295.3% in the third quarter. JPMorgan Chase & Co. now owns 1,394,212 shares of the company’s stock valued at $39,484,000 after buying an additional 1,041,494 shares during the period. York Capital Management Global Advisors LLC purchased a new position in GCP Applied Technologies during the third quarter valued at approximately $23,833,000. Victory Capital Management Inc. boosted its position in GCP Applied Technologies by 95.0% in the third quarter. Victory Capital Management Inc. now owns 1,583,108 shares of the company’s stock valued at $44,833,000 after buying an additional 771,129 shares during the period. SECOR Capital Advisors LP purchased a new position in GCP Applied Technologies during the third quarter valued at approximately $4,481,000. Finally, Panagora Asset Management Inc. boosted its position in GCP Applied Technologies by 64.2% in the third quarter. Panagora Asset Management Inc. now owns 381,464 shares of the company’s stock valued at $10,803,000 after buying an additional 149,113 shares during the period. Institutional investors own 82.46% of the company’s stock.

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

GCP Applied Technologies Inc (NYSE:GCP) opened at 33.60 on Tuesday. The firm has a market cap of $2.39 billion and a PE ratio of 32.94. GCP Applied Technologies Inc has a one year low of $19.25 and a one year high of $34.05. The stock has a 50 day moving average of $28.91 and a 200 day moving average of $27.59.

GCP Applied Technologies (NYSE:GCP) last released its earnings results on Thursday, March 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. GCP Applied Technologies had a return on equity of 1,424.27% and a net margin of 5.61%. On average, equities analysts forecast that GCP Applied Technologies Inc will post $1.53 earnings per share for the current year.

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GCP has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price target (up previously from $33.00) on shares of GCP Applied Technologies in a report on Sunday, March 5th. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 6th. Monness Crespi & Hardt upgraded shares of GCP Applied Technologies from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, March 3rd. Finally, Seaport Global Securities started coverage on shares of GCP Applied Technologies in a report on Friday, January 20th. They issued a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $32.75.

In related news, President Gregory E. Poling sold 53,950 shares of the firm’s stock in a transaction that occurred on 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 sale, the president now directly owns 40,280 shares of the company’s stock, valued at $1,075,878.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About GCP Applied Technologies

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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