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 dated Friday, October 12th. The stock was bought at an average price of $24.87 per share, with a total value of $4,096,089.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was bought at an average price of $25.15 per share, with a total value of $8,175,560.80.
  • On Monday, October 8th, Dalbergia Investments Llc purchased 15,321 shares of GCP Applied Technologies stock. The stock was bought at an average price of $26.23 per share, with a total value of $401,869.83.
  • On Friday, October 5th, Dalbergia Investments Llc purchased 117,000 shares of GCP Applied Technologies stock. The stock was bought at an average price of $26.14 per share, with a total value of $3,058,380.00.
  • On Wednesday, October 3rd, Dalbergia Investments Llc purchased 49,080 shares of GCP Applied Technologies stock. The stock was bought at an average price of $26.22 per share, with a total value of $1,286,877.60.
  • On Monday, October 1st, Dalbergia Investments Llc purchased 214,600 shares of GCP Applied Technologies stock. The stock was bought at an average price of $26.15 per share, with a total value of $5,611,790.00.
  • On Thursday, September 27th, Dalbergia Investments Llc purchased 53,575 shares of GCP Applied Technologies stock. The stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price of $25.95 per share, with a total value of $2,517,954.45.
  • On Monday, September 17th, Dalbergia Investments Llc purchased 30,156 shares of GCP Applied Technologies stock. The stock was bought at an average price of $25.95 per share, with a total value of $782,548.20.
  • On Wednesday, September 12th, Dalbergia Investments Llc purchased 250,478 shares of GCP Applied Technologies stock. The stock was bought at an average price of $24.66 per share, with a total value of $6,176,787.48.

GCP Applied Technologies stock opened at $24.86 on Friday. GCP Applied Technologies Inc has a 52 week low of $23.85 and a 52 week high of $34.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.20 and a quick ratio of 1.82. The stock has a market cap of $1.92 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11.

GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Tuesday, August 7th. The construction company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $302.80 million for the quarter, compared to analysts’ expectations of $321.80 million. As a group, equities research analysts predict that GCP Applied Technologies Inc will post 0.94 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC grew its position in GCP Applied Technologies by 78.2% during the second quarter. Gabelli Funds LLC now owns 269,900 shares of the construction company’s stock worth $7,814,000 after buying an additional 118,400 shares in the last quarter. SG Americas Securities LLC grew its position in GCP Applied Technologies by 829.6% during the second quarter. SG Americas Securities LLC now owns 82,238 shares of the construction company’s stock worth $2,381,000 after buying an additional 73,391 shares in the last quarter. Bank of Nova Scotia purchased a new position in GCP Applied Technologies during the second quarter worth about $3,879,000. Russell Investments Group Ltd. grew its position in GCP Applied Technologies by 4.9% during the second quarter. Russell Investments Group Ltd. now owns 62,315 shares of the construction company’s stock worth $1,804,000 after buying an additional 2,899 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in GCP Applied Technologies by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 565,291 shares of the construction company’s stock worth $16,366,000 after buying an additional 23,130 shares in the last quarter. Institutional investors and hedge funds own 83.44% of the company’s stock.

Several equities analysts have recently weighed in on GCP shares. Zacks Investment Research upgraded 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. Monness Crespi & Hardt cut 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. KeyCorp reduced 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. Finally, Seaport Global Securities restated a “buy” rating and set a $31.00 target price on shares of GCP Applied Technologies in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $32.40.

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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