Insider Buying: GCP Applied Technologies Inc (GCP) Major Shareholder Acquires 30,156 Shares of Stock

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GCP Applied Technologies Inc (NYSE:GCP) major shareholder Dalbergia Investments Llc bought 30,156 shares of the stock in a transaction dated Monday, September 17th. The stock was bought at an average cost of $25.95 per share, with a total value of $782,548.20. The acquisition was disclosed in a document filed with the SEC, which is accessible 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 Friday, October 12th, Dalbergia Investments Llc bought 164,700 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $24.87 per share, with a total value of $4,096,089.00.
  • On Wednesday, October 10th, Dalbergia Investments Llc bought 325,072 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $25.15 per share, with a total value of $8,175,560.80.
  • On Monday, October 8th, Dalbergia Investments Llc bought 15,321 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $26.23 per share, with a total value of $401,869.83.
  • On Friday, October 5th, Dalbergia Investments Llc bought 117,000 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $26.14 per share, with a total value of $3,058,380.00.
  • On Wednesday, October 3rd, Dalbergia Investments Llc bought 49,080 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $26.22 per share, with a total value of $1,286,877.60.
  • On Monday, October 1st, Dalbergia Investments Llc bought 214,600 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $26.15 per share, with a total value of $5,611,790.00.
  • On Thursday, September 27th, Dalbergia Investments Llc bought 53,575 shares of GCP Applied Technologies stock. The stock was bought at an average cost of $26.09 per share, with a total value of $1,397,771.75.
  • On Friday, September 21st, Dalbergia Investments Llc purchased 84,298 shares of GCP Applied Technologies stock. The shares were acquired at an average cost of $26.36 per share, with a total value of $2,222,095.28.
  • On Wednesday, September 19th, Dalbergia Investments Llc purchased 97,031 shares of GCP Applied Technologies stock. The shares were acquired at an average cost of $25.95 per share, with a total value of $2,517,954.45.
  • On Wednesday, September 12th, Dalbergia Investments Llc purchased 250,478 shares of GCP Applied Technologies stock. The shares were acquired at an average cost of $24.66 per share, with a total value of $6,176,787.48.

Shares of NYSE:GCP traded down $0.04 during trading on Friday, hitting $24.86. The stock had a trading volume of 594,104 shares, compared to its average volume of 586,331. GCP Applied Technologies Inc has a 12 month low of $23.85 and a 12 month high of $34.79. The firm has a market capitalization of $1.92 billion, a P/E ratio of 38.84, a P/E/G ratio of 1.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.82 and a current ratio of 2.20.

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 consensus estimate of $0.39 by ($0.12). GCP Applied Technologies had a return on equity of 10.57% and a net margin of 48.05%. The firm had revenue of $302.80 million during the quarter, compared to the consensus estimate of $321.80 million. On average, equities analysts forecast that GCP Applied Technologies Inc will post 0.94 EPS for the current fiscal year.

A number of research analysts have commented on the company. Seaport Global Securities reaffirmed 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 lowered their price target on GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating for the company 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 for the company 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 for the company. in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.40.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of GCP Applied Technologies by 5.6% in the 2nd quarter. BlackRock Inc. now owns 5,028,459 shares of the construction company’s stock worth $145,574,000 after acquiring an additional 266,360 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of GCP Applied Technologies by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,415,180 shares of the construction company’s stock worth $99,211,000 after buying an additional 383,949 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of GCP Applied Technologies by 36.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,037,757 shares of the construction company’s stock worth $58,993,000 after buying an additional 544,652 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of GCP Applied Technologies by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,393,764 shares of the construction company’s stock worth $40,489,000 after buying an additional 112,648 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of GCP Applied Technologies by 57.0% in the 1st quarter. Millennium Management LLC now owns 1,117,691 shares of the construction company’s stock worth $32,469,000 after buying an additional 405,854 shares during the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.

About GCP Applied Technologies

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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Insider Buying and Selling by Quarter for GCP Applied Technologies (NYSE:GCP)

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