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

Company Overview

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.

Key Stats

• Today's Range: $9.47 to $9.65
• 50-Day Range: $7.67 to $9.42
• 52-Week Range: $6.86 to $12.89
• Volume: 16,005 shs
• Average Volume: 458,107 shs
• Market Capitalization: $645.66 million
• P/E Ratio: 11.47
• 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 9th out of 100 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: 3.1 / 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 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Great Lakes Dredge & Dock is 11.21, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 15.66.

Price to Earnings Growth Ratio

Great Lakes Dredge & Dock has a PEG Ratio of 1.06. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Great Lakes Dredge & Dock has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.41% 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 2, 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 decreased by 4.83%, indicating that investor sentiment is improving.

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 10.00%. 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: 3.2 / 5
• Environmental Score: -5.44

Percentage of Shares Shorted

1.41% 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 2, 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 decreased by 4.83%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.59

News Sentiment

Great Lakes Dredge & Dock has a news sentiment score of 0.59. 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 is a lower news sentiment than the 0.85 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Great Lakes Dredge & Dock this week, compared to 4 articles on an average week.

Search Interest

4 people have searched for GLDD on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Great Lakes Dredge & Dock to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Great Lakes Dredge & Dock insiders have bought more of their company's stock than they have sold. Specifically, they have bought $30,031.00 in company stock and sold $0.00 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 on January 1st, 2025. Since then, GLDD stock has decreased by 16.6% and is now trading at $9.42.
View the best growth stocks for 2025 here.

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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) posted its quarterly earnings data on Tuesday, February, 18th. The construction company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The construction company had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a trailing twelve-month return on equity of 13.72%.
Read the conference call transcript.

Is Great Lakes Dredge & Dock doing a stock buyback?

Great Lakes Dredge & Dock's board initiated a share repurchase program on Friday, March 14th 2025, which authorizes the company to repurchase $50,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 8.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Does Great Lakes Dredge & Dock have any subsidiaries?

Great Lakes Dredge & Dock subsidiaries include 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?

Top institutional shareholders of Great Lakes Dredge & Dock include Castlekeep Investment Advisors LLC (0.74%), Acuitas Investments LLC (0.63%), Bank of New York Mellon Corp (0.35%) and Bfsg LLC (0.27%). Insiders that own company stock include Lasse Petterson, Ryan Levenson, David E Simonelli, Christopher Gunsten 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: 2/18/2025
• Today: 5/01/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Heavy construction, except building construction - contractors
• 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 Stock Price Target: $14.00
• High Stock Price Target: $14.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +48.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.84
• Trailing P/E Ratio: 11.21
• Forward P/E Ratio: 13.65
• P/E Growth: 1.06
• Net Income: $13.91 million
• Net Margins: 7.51%
• Pretax Margin: 10.56%
• Return on Equity: 13.72%
• Return on Assets: 5.10%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 1.21
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $762.69 million
• Price / Sales: 0.83
• Cash Flow: $0.86 per share
• Price / Cash Flow: 10.93
• Book Value: $5.79 per share
• Price / Book: 1.63

Miscellaneous

• Outstanding Shares: 67,361,000
• Free Float: 65,792,000
• Market Cap: $634.54 million
• Optionable: Optionable
• Beta: 1.17