Tudor Investment Corp ET AL Sells 101,818 Shares of Great Lakes Dredge & Dock Corporation $GLDD

Key Points

• Tudor Investment Corp. cut its stake in Great Lakes Dredge & Dock by 26.2%, selling 101,818 shares and ending the quarter with 286,118 shares worth about $3.43 million (≈0.42% ownership).
• GLDD recently posted a quarterly beat with $0.30 EPS vs. $0.20 expected and $256.45M revenue vs. $216.3M, and the company has a market cap of ~$1.14B, a PE of 15.9 and a 52‑week range of $7.51–$17.02.
• Analysts' consensus is a Hold rating (1 Buy, 4 Hold, 1 Sell) with an average price target of $17.00.

Tudor Investment Corp ET AL lessened its holdings in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,118 shares of the construction company's stock after selling 101,818 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.42% of Great Lakes Dredge & Dock worth $3,431,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. MAI Capital Management raised its holdings in Great Lakes Dredge & Dock by 79.2% in the 3rd quarter. MAI Capital Management now owns 2,161 shares of the construction company's stock valued at $26,000 after buying an additional 955 shares during the last quarter. State of Wyoming raised its holdings in Great Lakes Dredge & Dock by 3.3% in the 3rd quarter. State of Wyoming now owns 36,148 shares of the construction company's stock valued at $433,000 after buying an additional 1,142 shares during the last quarter. AE Wealth Management LLC raised its holdings in Great Lakes Dredge & Dock by 8.1% in the 3rd quarter. AE Wealth Management LLC now owns 19,175 shares of the construction company's stock valued at $230,000 after buying an additional 1,443 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Great Lakes Dredge & Dock by 0.8% in the 3rd quarter. Raymond James Financial Inc. now owns 188,570 shares of the construction company's stock valued at $2,261,000 after buying an additional 1,476 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company's stock valued at $61,000 after buying an additional 1,505 shares during the last quarter. Institutional investors own 89.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLDD shares. Texas Capital lowered shares of Great Lakes Dredge & Dock from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 11th. Weiss Ratings upgraded shares of Great Lakes Dredge & Dock from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, January 21st. Zacks Research raised shares of Great Lakes Dredge & Dock from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Noble Financial downgraded shares of Great Lakes Dredge & Dock from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of Great Lakes Dredge & Dock to a "strong-buy" rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.00.

Great Lakes Dredge & Dock Stock Performance

NASDAQ:GLDD opened at $17.00 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 15.89, a P/E/G ratio of 1.26 and a beta of 1.38. Great Lakes Dredge & Dock Corporation has a fifty-two week low of $7.51 and a fifty-two week high of $17.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.01. The company has a 50 day simple moving average of $16.74 and a two-hundred day simple moving average of $14.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. The company had revenue of $256.45 million during the quarter, compared to the consensus estimate of $216.30 million. Great Lakes Dredge & Dock had a net margin of 8.27% and a return on equity of 16.46%. Research analysts anticipate that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current year.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation NASDAQ: GLDD is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.

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