GCP Applied Technologies Inc (GCP) Major Shareholder Dalbergia Investments Llc Acquires 164,700 Shares

GCP Applied Technologies Inc (NYSE:GCP) major shareholder Dalbergia Investments Llc purchased 164,700 shares of GCP Applied Technologies stock in a transaction that occurred on Friday, October 12th. The shares were bought at an average cost of $24.87 per share, for a total transaction of $4,096,089.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Dalbergia Investments Llc also recently made the following trade(s):

  • On Wednesday, October 10th, Dalbergia Investments Llc purchased 325,072 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.15 per share, for a total transaction of $8,175,560.80.
  • On Monday, October 8th, Dalbergia Investments Llc purchased 15,321 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.23 per share, for a total transaction of $401,869.83.
  • On Friday, October 5th, Dalbergia Investments Llc purchased 117,000 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.14 per share, for a total transaction of $3,058,380.00.
  • On Wednesday, October 3rd, Dalbergia Investments Llc purchased 49,080 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.22 per share, for a total transaction of $1,286,877.60.
  • On Monday, October 1st, Dalbergia Investments Llc purchased 214,600 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.15 per share, for a total transaction of $5,611,790.00.
  • On Thursday, September 27th, Dalbergia Investments Llc purchased 53,575 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.09 per share, for a total transaction of $1,397,771.75.
  • On Friday, September 21st, Dalbergia Investments Llc purchased 84,298 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $26.36 per share, for a total transaction of $2,222,095.28.
  • On Wednesday, September 19th, Dalbergia Investments Llc purchased 97,031 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.95 per share, for a total transaction of $2,517,954.45.
  • On Monday, September 17th, Dalbergia Investments Llc purchased 30,156 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $25.95 per share, for a total transaction of $782,548.20.
  • On Wednesday, September 12th, Dalbergia Investments Llc purchased 250,478 shares of GCP Applied Technologies stock. The shares were bought at an average cost of $24.66 per share, for a total transaction of $6,176,787.48.

Shares of GCP traded down $0.04 during trading on Friday, reaching $24.86. The company’s stock had a trading volume of 594,100 shares, compared to its average volume of 586,331. GCP Applied Technologies Inc has a twelve month low of $23.85 and a twelve month high of $34.79. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 1.57 and a beta of 1.11. The company has a quick ratio of 1.82, a current ratio of 2.20 and a debt-to-equity ratio of 0.77.

GCP Applied Technologies (NYSE:GCP) last announced its earnings results on Tuesday, August 7th. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.12). GCP Applied Technologies had a net margin of 48.05% and a return on equity of 10.57%. The business had revenue of $302.80 million during the quarter, compared to analyst estimates of $321.80 million. On average, equities analysts expect that GCP Applied Technologies Inc will post 0.94 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC raised its position in shares of GCP Applied Technologies by 78.2% in the 2nd quarter. Gabelli Funds LLC now owns 269,900 shares of the construction company’s stock valued at $7,814,000 after purchasing an additional 118,400 shares in the last quarter. SG Americas Securities LLC raised its position in shares of GCP Applied Technologies by 829.6% in the 2nd quarter. SG Americas Securities LLC now owns 82,238 shares of the construction company’s stock valued at $2,381,000 after purchasing an additional 73,391 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of GCP Applied Technologies in the 2nd quarter valued at approximately $3,879,000. Russell Investments Group Ltd. raised its position in shares of GCP Applied Technologies by 4.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 62,315 shares of the construction company’s stock valued at $1,804,000 after purchasing an additional 2,899 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of GCP Applied Technologies by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 565,291 shares of the construction company’s stock valued at $16,366,000 after purchasing an additional 23,130 shares in the last quarter. 83.44% of the stock is currently owned by institutional investors.

Several research firms recently commented on GCP. Seaport Global Securities reissued a “buy” rating and set a $31.00 price target on shares of GCP Applied Technologies in a research report on Thursday, August 16th. KeyCorp reduced their price target on GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. Zacks Investment Research raised GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, July 11th. Finally, Monness Crespi & Hardt lowered GCP Applied Technologies from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.40.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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