Total Wealth Planning & Management Inc. Purchases Shares of 46,200 Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Total Wealth Planning & Management Inc. acquired a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 46,200 shares of the construction company's stock, valued at approximately $522,000. Total Wealth Planning & Management Inc. owned about 0.07% of Great Lakes Dredge & Dock at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in Great Lakes Dredge & Dock in the 4th quarter valued at approximately $223,000. Castlekeep Investment Advisors LLC acquired a new position in Great Lakes Dredge & Dock in the 4th quarter valued at approximately $5,521,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Great Lakes Dredge & Dock by 14.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,724 shares of the construction company's stock valued at $2,752,000 after acquiring an additional 30,394 shares during the period. Squarepoint Ops LLC increased its position in Great Lakes Dredge & Dock by 70.6% in the 4th quarter. Squarepoint Ops LLC now owns 61,538 shares of the construction company's stock valued at $695,000 after acquiring an additional 25,472 shares during the period. Finally, Seven Six Capital Management LLC acquired a new position in Great Lakes Dredge & Dock in the 4th quarter valued at approximately $3,744,000. Institutional investors own 89.11% of the company's stock.

Great Lakes Dredge & Dock Trading Up 1.6%

NASDAQ GLDD traded up $0.18 during mid-day trading on Thursday, reaching $11.29. 498,296 shares of the stock were exchanged, compared to its average volume of 472,998. Great Lakes Dredge & Dock Co. has a one year low of $7.51 and a one year high of $12.89. The stock has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $10.46. The stock has a market cap of $766.88 million, a P/E ratio of 13.44, a P/E/G ratio of 1.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01.

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, beating the consensus estimate of $0.25 by $0.24. The firm had revenue of $242.87 million during the quarter, compared to the consensus estimate of $206.70 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. On average, analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current year.

Great Lakes Dredge & Dock announced that its board has authorized a stock repurchase program on Friday, March 14th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 8.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Transactions at Great Lakes Dredge & Dock

In related news, SVP Eleni Beyko sold 22,579 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $10.26, for a total transaction of $231,660.54. Following the transaction, the senior vice president now directly owns 50,138 shares in the company, valued at approximately $514,415.88. The trade was a 31.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Gunsten purchased 3,875 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now owns 61,532 shares of the company's stock, valued at $476,873. The trade was a 6.72% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

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.