Great Lakes Dredge & Dock (GLDD) Stock Price, News & Analysis

Company Overview

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and marine construction services in the United States. The company specializes in both capital and maintenance dredging, offering solutions for deepening and widening ports, harbors, waterways and channels. In addition to traditional dredging work, Great Lakes Dredge & Dock delivers coastal restoration and beach nourishment projects designed to protect and reinforce shorelines against erosion and storm damage.

The company’s services extend beyond dredging to encompass marine engineering and infrastructure development. Great Lakes Dredge & Dock operates a diverse fleet of cutter suction dredges, hydraulic pipeline dredges, hopper dredges and support barges, enabling it to undertake complex projects in a variety of environments. Its capabilities include underwater rock removal, sediment management, environmental dredging and specialized offshore support for renewable energy installations, such as wind farm construction and cable installation.

Headquartered in Oak Brook, Illinois, Great Lakes Dredge & Dock serves customers across the U.S. East, Gulf and West Coasts, the Great Lakes region and select international markets in the Caribbean and Latin America. Over the years, the company has been involved in high-profile infrastructure initiatives, including port modernization efforts, navigation channel deepening and coastal resiliency programs funded by federal, state and local authorities. Its project portfolio spans major metropolitan areas and critical maritime trade corridors.

With origins dating back to the late 19th century, Great Lakes Dredge & Dock has grown through strategic acquisitions and fleet expansion to become one of the most experienced marine contractors in North America. The company is led by Chief Executive Officer Adrian Elizalde, supported by a team of seasoned professionals in operations, engineering and project management. As a publicly traded corporation, GLDD emphasizes safety, environmental stewardship and innovation, positioning itself to meet the evolving needs of coastal infrastructure and sustainable marine development.

Key Stats

• Today's Range: $11.03 to $11.27
• 50-Day Range: $9.54 to $12.35
• 52-Week Range: $7.51 to $12.89
• Volume: 437,051 shs
• Average Volume: 486,311 shs
• Market Capitalization: $760.09 million
• P/E Ratio: 10.97
• Dividend Yield: N/A
• Price Target: $14.00
• Consensus Rating: Buy

Great Lakes Dredge & Dock Stock Analysis - MarketRank™

Great Lakes Dredge & Dock scored higher than 99% of companies evaluated by MarketBeat, and ranked 6th out of 99 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Great Lakes Dredge & Dock has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Great Lakes Dredge & Dock has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 23.19%

Earnings Growth

Earnings for Great Lakes Dredge & Dock are expected to grow by 23.19% in the coming year, from $0.69 to $0.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Great Lakes Dredge & Dock is 10.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.67.

Price to Earnings Ratio vs. Sector

The P/E ratio of Great Lakes Dredge & Dock is 10.97, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 16.72.

Price to Earnings Growth Ratio

Great Lakes Dredge & Dock has a PEG Ratio of 0.97. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Great Lakes Dredge & Dock has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.51% of the float of Great Lakes Dredge & Dock has been sold short.

Short Interest Ratio / Days to Cover

Great Lakes Dredge & Dock has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Lakes Dredge & Dock has recently increased by 12.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Great Lakes Dredge & Dock does not currently pay a dividend.

Dividend Growth

Great Lakes Dredge & Dock does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Great Lakes Dredge & Dock is 8.24%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Great Lakes Dredge & Dock will have a dividend payout ratio of 9.88% next year. This indicates that Great Lakes Dredge & Dock will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -5.41

Percentage of Shares Shorted

1.51% of the float of Great Lakes Dredge & Dock has been sold short.

Short Interest Ratio / Days to Cover

Great Lakes Dredge & Dock has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Lakes Dredge & Dock has recently increased by 12.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.75

News Sentiment

Great Lakes Dredge & Dock has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Great Lakes Dredge & Dock this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for GLDD on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Great Lakes Dredge & Dock to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Great Lakes Dredge & Dock insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $289,611.00 in company stock.

Percentage Held by Insiders

Only 2.20% of the stock of Great Lakes Dredge & Dock is held by insiders.

Percentage Held by Institutions

89.11% of the stock of Great Lakes Dredge & Dock is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GLDD Stock Analysis - Frequently Asked Questions

How have GLDD shares performed this year?

Great Lakes Dredge & Dock's stock was trading at $11.29 at the beginning of the year. Since then, GLDD shares have decreased by 0.9% and is now trading at $11.19.

How were Great Lakes Dredge & Dock's earnings last quarter?

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) released its earnings results on Tuesday, May, 6th. The construction company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.24. The construction company earned $242.87 million during the quarter, compared to analyst estimates of $206.70 million. Great Lakes Dredge & Dock had a net margin of 8.63% and a trailing twelve-month return on equity of 15.72%.
Read the conference call transcript.

Is Great Lakes Dredge & Dock doing a stock buyback?

Great Lakes Dredge & Dock's board authorized a stock repurchase plan on Friday, March 14th 2025, which authorizes the company to repurchase $50,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 8.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

Does Great Lakes Dredge & Dock have any subsidiaries?

Great Lakes Dredge & Dock subsidiaries include these companies: Drews Services LLC, Great Lakes Dredge & Dock (Bahamas) Ltd., Great Lakes Dredge & Dock Company LLC, Great Lakes Dredge & Dock do Brasil Ltda., Great Lakes Environmental & Infrastructure Solutions LLC, Great Lakes U.S. Fleet Management LLC, NASDI Holdings LLC, Terra Contracting Services LLC, and Terra Fluid Management LLC.

Who are Great Lakes Dredge & Dock's major shareholders?

Great Lakes Dredge & Dock's top institutional shareholders include MassMutual Private Wealth & Trust FSB. Insiders that own company stock include Lasse Petterson, Ryan Levenson, Kathleen M Shanahan, Christopher Gunsten, Eleni Beyko, Ronald Steger and Earl L Shipp.
View institutional ownership trends.

How do I buy shares of Great Lakes Dredge & Dock?

Shares of GLDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Great Lakes Dredge & Dock own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Great Lakes Dredge & Dock investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Broadcom (AVGO), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: BLDG - HEAVY CNST
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:GLDD
• CIK: 1372020
• Web: www.gldd.com
• Phone: (346) 359-1010
• Fax: 630-574-2909
• Employees: 430
• Year Founded: 1890

Price Target and Rating

• Average Price Target for Great Lakes Dredge & Dock: $14.00
• High Price Target: $14.00
• Low Price Target: $14.00
• Potential Upside/Downside: +25.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.02
• Trailing P/E Ratio: 10.97
• Forward P/E Ratio: 16.22
• P/E Growth: 0.98
• Net Income: $57.26 million
• Net Margins: 8.63%
• Pretax Margin: 11.46%
• Return on Equity: 15.72%
• Return on Assets: 5.85%

Debt

• Debt-to-Equity Ratio: 0.86
• Current Ratio: 1.33
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $762.69 million
• Price / Sales: 1.00
• Cash Flow: $1.84 per share
• Price / Cash Flow: 6.09
• Book Value: $6.67 per share
• Price / Book: 1.68

Miscellaneous

• Outstanding Shares: 67,930,000
• Free Float: 66,432,000
• Market Cap: $760.14 million
• Optionable: Optionable
• Beta: 1.30