Knights of Columbus Asset Advisors LLC Raises Stock Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Knights of Columbus Asset Advisors LLC grew its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 94.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 502,882 shares of the construction company's stock after acquiring an additional 244,417 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.75% of Great Lakes Dredge & Dock worth $3,862,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. UBS Group AG increased its position in Great Lakes Dredge & Dock by 92.3% in the 3rd quarter. UBS Group AG now owns 3,691 shares of the construction company's stock valued at $28,000 after acquiring an additional 1,772 shares during the period. Group One Trading L.P. bought a new position in Great Lakes Dredge & Dock during the 3rd quarter worth $30,000. Tower Research Capital LLC TRC lifted its holdings in Great Lakes Dredge & Dock by 223.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,590 shares of the construction company's stock worth $45,000 after buying an additional 3,864 shares during the period. Lazard Asset Management LLC acquired a new position in Great Lakes Dredge & Dock during the 1st quarter worth about $56,000. Finally, Advisor Group Holdings Inc. grew its position in shares of Great Lakes Dredge & Dock by 141.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,675 shares of the construction company's stock valued at $63,000 after buying an additional 6,247 shares during the last quarter. 89.11% of the stock is currently owned by institutional investors.

Great Lakes Dredge & Dock Trading Up 0.9 %

GLDD traded up $0.07 during trading on Friday, reaching $7.45. 275,158 shares of the stock traded hands, compared to its average volume of 252,509. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $497.21 million, a PE ratio of 35.48, a P/E/G ratio of 1.30 and a beta of 0.96. The stock's 50-day moving average is $8.52 and its 200 day moving average is $7.79. Great Lakes Dredge & Dock Co. has a 12 month low of $5.26 and a 12 month high of $9.78.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.16. Great Lakes Dredge & Dock had a net margin of 2.36% and a return on equity of 2.56%. The business had revenue of $181.73 million for the quarter, compared to analysts' expectations of $190.05 million. Equities analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GLDD. TheStreet raised Great Lakes Dredge & Dock from a "d+" rating to a "c-" rating in a research note on Tuesday, February 20th. StockNews.com raised shares of Great Lakes Dredge & Dock from a "sell" rating to a "hold" rating in a research report on Thursday, February 15th.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.