GCP Applied Technologies (NYSE: GCP) Records Strong Volume Increase

Shares of GCP Applied Technologies Inc. (NYSE: GCP – Get Rating) saw unusually high trading volume on Friday. Approximately 37,443 shares were traded during trading, down 92% from the previous session’s volume of 448,184 shares.

GCP Applied Technologies trades down 0.2%

The company’s 50-day moving average is $31.47 and its 200-day moving average is $31.39. The company has a quick ratio of 3.22, a current ratio of 3.93 and a debt ratio of 0.54. The company has a market capitalization of $2.35 billion, a price-earnings ratio of 227.14 and a beta of 0.77.

GCP Applied Technologies (NYSE: GCP – Get Rating) last released its quarterly results on Friday, August 5. The construction company reported earnings per share (EPS) of $0.15 for the quarter, missing analyst consensus estimates of $0.17 per ($0.02). GCP Applied Technologies posted a net margin of 1.10% and a return on equity of 5.90%. The company had revenue of $268.40 million for the quarter. In the same quarter of the previous year, the company achieved EPS of $0.22. GCP Applied Technologies revenue for the quarter increased 5.9% compared to the same quarter last year. Stock analysts expect GCP Applied Technologies Inc. to post earnings per share of 0.55 for the current year.

Institutional investors weigh in on GCP Applied Technologies

A number of large investors have recently changed their positions in the company. BlackRock Inc. increased its equity stake in GCP Applied Technologies by 11.0% during the first quarter. BlackRock Inc. now owns 9,050,747 shares of the construction company valued at $284,374,000 after acquiring an additional 899,354 shares during the period. Nuance Investments LLC increased its holdings of GCP Applied Technologies shares by 0.5% during the second quarter. Nuance Investments LLC now owns 6,538,529 shares of the construction company valued at $204,525,000 after acquiring an additional 34,344 shares during the period. Vanguard Group Inc. increased its stake in GCP Applied Technologies by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 6,077,825 shares of the construction company valued at $190,966,000 after purchasing an additional 463,942 shares during the period. State Street Corp increased its stake in GCP Applied Technologies by 10.1% in the first quarter. State Street Corp now owns 2,175,478 shares of the construction company valued at $68,354,000 after purchasing an additional 199,168 shares during the period. Finally, Soros Fund Management LLC acquired a new position in GCP Applied Technologies in Q2 worth approximately $66,029,000. Institutional investors and hedge funds hold 78.82% of the company’s shares.

About GCP Applied Technologies

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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 brands CONCERA, CLARENA, ADVA, CLARENA RC40, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA and ZYLA; 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 brands OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA and ESE.

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