UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 243,724 shares of the construction company's stock after purchasing an additional 30,394 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.36% of Great Lakes Dredge & Dock worth $2,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC grew its stake in shares of Great Lakes Dredge & Dock by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company's stock worth $2,623,000 after buying an additional 979 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Great Lakes Dredge & Dock by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,537 shares of the construction company's stock valued at $424,000 after acquiring an additional 1,235 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Great Lakes Dredge & Dock by 5.7% in the 4th quarter. Hsbc Holdings PLC now owns 39,984 shares of the construction company's stock worth $453,000 after purchasing an additional 2,150 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Great Lakes Dredge & Dock by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 39,877 shares of the construction company's stock worth $450,000 after purchasing an additional 2,213 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Great Lakes Dredge & Dock in the 4th quarter worth about $33,000. Institutional investors own 89.11% of the company's stock.

Insider Buying and Selling at Great Lakes Dredge & Dock

In related news, SVP Eleni Beyko sold 22,579 shares of Great Lakes Dredge & Dock stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $10.26, for a total value of $231,660.54. Following the completion of the sale, the senior vice president now owns 50,138 shares of the company's stock, valued at $514,415.88. The trade was a 31.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald Steger sold 5,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $11.59, for a total value of $57,950.00. Following the sale, the director now owns 20,404 shares of the company's stock, valued at approximately $236,482.36. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a report on Monday, May 19th.

Great Lakes Dredge & Dock Stock Up 1.7%

GLDD stock traded up $0.20 during midday trading on Friday, hitting $11.72. The company's stock had a trading volume of 393,997 shares, compared to its average volume of 474,692. The firm's 50-day moving average is $9.90 and its 200-day moving average is $10.43. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock Co. has a 12 month low of $7.51 and a 12 month high of $12.89. The company has a market cap of $796.09 million, a PE ratio of 13.95, a P/E/G ratio of 1.06 and a beta of 1.29.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.24. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. The firm had revenue of $242.87 million during the quarter, compared to analysts' expectations of $206.70 million. On average, equities research analysts forecast that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock declared that its Board of Directors has authorized a stock buyback program on Friday, March 14th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 8.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.