Sidoti Csr Issues Positive Estimate for GLDD Earnings

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) - Stock analysts at Sidoti Csr lifted their Q2 2025 earnings per share (EPS) estimates for Great Lakes Dredge & Dock in a report issued on Wednesday, May 7th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Great Lakes Dredge & Dock's current full-year earnings is $0.69 per share. Sidoti Csr also issued estimates for Great Lakes Dredge & Dock's Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.20 EPS and Q2 2026 earnings at $0.20 EPS.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.24. The company had revenue of $242.87 million during the quarter, compared to analyst estimates of $206.70 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%.

Great Lakes Dredge & Dock Price Performance

GLDD stock traded down $0.17 during trading on Friday, hitting $11.25. The company had a trading volume of 474,104 shares, compared to its average volume of 469,380. The business has a 50 day moving average of $8.98 and a 200 day moving average of $10.51. The firm has a market capitalization of $764.17 million, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.06 and a beta of 1.23. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock has a fifty-two week low of $7.51 and a fifty-two week high of $12.89.

Institutional Investors Weigh In On Great Lakes Dredge & Dock

A number of institutional investors and hedge funds have recently modified their holdings of GLDD. Barclays PLC lifted its holdings in shares of Great Lakes Dredge & Dock by 338.9% during the third quarter. Barclays PLC now owns 106,642 shares of the construction company's stock valued at $1,123,000 after purchasing an additional 82,344 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Great Lakes Dredge & Dock by 217.8% during the third quarter. JPMorgan Chase & Co. now owns 228,121 shares of the construction company's stock valued at $2,402,000 after buying an additional 156,341 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Great Lakes Dredge & Dock in the fourth quarter worth about $452,000. SG Americas Securities LLC increased its position in shares of Great Lakes Dredge & Dock by 11.0% in the fourth quarter. SG Americas Securities LLC now owns 121,898 shares of the construction company's stock worth $1,376,000 after acquiring an additional 12,056 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 89.11% of the company's stock.

Insider Activity

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

Great Lakes Dredge & Dock declared that its board has authorized a stock repurchase program on Friday, March 14th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 8.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

About Great Lakes Dredge & Dock

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.