NASDAQ:GLDD

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

$7.97

+0.11 (+1.40%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $7.89
▼
$8.01
50-Day Range: $7.57
▼
$9.45
52-Week Range: $4.74
▼
$9.67

Volume: 284,500 shs
Average Volume: 504,045 shs
Market Capitalization: $529.93 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Great Lakes Dredge & Dock MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.68% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -5.11
Upright™ Environmental Score
News Sentiment: 1.39
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 712.50%
From $0.08 to $0.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Construction Sector

48th out of 102 stocks

Heavy Construction, Except Building Construction - Contractors Industry

2nd out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Great Lakes Dredge & Dock.

5.0

Short Interest

Percentage of Shares Shorted
1.68% 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 2.8, 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 6.90%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

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 Sustainability
Based on earnings estimates, Great Lakes Dredge & Dock will have a dividend payout ratio of 12.92% next year. This indicates that Great Lakes Dredge & Dock will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Great Lakes Dredge & Dock has received a 26.13% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is driven by its "Excavating and earthmoving works for construction of ports" and "Excavating and earthmoving works for renovation of ports" products. See details.
Environmental Sustainability
The Environmental Impact score for Great Lakes Dredge & Dock is -5.11.

2.4

News and Social Media Coverage

News Sentiment
Great Lakes Dredge & Dock has a news sentiment score of 1.39. 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 higher news sentiment than the 0.72 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Great Lakes Dredge & Dock this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Great Lakes Dredge & Dock insiders have not sold or bought any 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
82.36% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Great Lakes Dredge & Dock are expected to grow by 712.50% in the coming year, from $0.08 to $0.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Great Lakes Dredge & Dock is -12.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Great Lakes Dredge & Dock is -12.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Great Lakes Dredge & Dock has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Great Lakes Dredge & Dock (NASDAQ:GLDD) Stock

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. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloader, drill boat, and material and other barges equipment. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.

GLDD Price History

30 days | 90 days | 365 days | Advanced Chart

GLDD Stock News Headlines

September 21, 2023 | seekingalpha.com

Great Lakes Dredge & Dock: Turnaround In The Bidding Market Makes It A Good Buy

September 20, 2023 | msn.com

Great Lakes Dredge & Dock jumps 9% in two days as backlog hits $1.1B

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

September 19, 2023 | finance.yahoo.com

Great Lakes Announces Receipt of $177 Million in Awarded Work; Dredging Backlog at Approximately $1.1 Billion to Date

August 24, 2023 | finance.yahoo.com

Great Lakes (GLDD) Wins Contract for Port Arthur LNG Phase 1

August 23, 2023 | finance.yahoo.com

Great Lakes Awarded the Dredge and Environmentally Beneficial Disposal Contract for the Port Arthur LNG Project

August 15, 2023 | markets.businessinsider.com

Great Lakes Dredge & Dock (GLDD) Receives a Buy from Noble Financial

August 3, 2023 | msn.com

Great Lakes Dredge & Dock GAAP EPS of $0.03 beats by $0.13, revenue of $132.67M misses by $17.33M

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

August 2, 2023 | finance.yahoo.com

2 Small-Cap Stocks With Improving Storylines That Investors Should Know About

August 2, 2023 | finance.yahoo.com

Q2 2023 Great Lakes Dredge & Dock Corp Earnings Call

August 1, 2023 | msn.com

Great Lakes Dredge & Dock (GLDD) Pops As Company Returns To Profitability

August 1, 2023 | finance.yahoo.com

Great Lakes Reports Second Quarter 2023 Results

July 31, 2023 | seekingalpha.com

Great Lakes Dredge & Dock Q2 2023 Earnings Preview

July 27, 2023 | finance.yahoo.com

Great Lakes Signs First Rock Supply Subcontract for U.S. Offshore Wind Farms with New York Quarry, Carver Sand & Gravel LLC

July 25, 2023 | finance.yahoo.com

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Second Quarter Results

July 24, 2023 | markets.businessinsider.com

Great Lakes Receives Notice To Proceed On Project With NextDecade Corporation

July 24, 2023 | msn.com

Great Lakes Dredge & Dock gets notice to proceed on Rio Grande LNG project

July 24, 2023 | finance.yahoo.com

Great Lakes Receives Notice to Proceed on Largest Project Undertaken in its History for the Dredge and Disposal Construction Agreement with NextDecade Corporation

July 20, 2023 | finance.yahoo.com

President Biden Attends Steel Cutting Ceremony for The Acadia, Great Lakes’ Offshore Wind Subsea Rock Installation Vessel

July 14, 2023 | finance.yahoo.com

Favourable Signals For Great Lakes Dredge & Dock: Numerous Insiders Acquired Stock

July 12, 2023 | finance.yahoo.com

Should You Add Great Lakes Dredge & Dock Corporation (GLDD) to Your Portfolio?

July 11, 2023 | uk.finance.yahoo.com

GLDD - Great Lakes Dredge & Dock Corporation

July 11, 2023 | msn.com

Great Lakes Dredge & Dock: An Interesting Infrastructure Play

July 9, 2023 | msn.com

Great Lakes Dredge & Dock: The Only Thing Keeping This A Viable Prospect

June 20, 2023 | finance.yahoo.com

Digging for Success With Great Lakes Dredge & Dock

June 6, 2023 | finance.yahoo.com

Great Lakes Dredge & Dock to Present at Sidoti Virtual Investor Conference on Wednesday, June 14, 2023

See More Headlines

Receive GLDD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Great Lakes Dredge & Dock and its competitors with MarketBeat's FREE daily newsletter.

GLDD Company Calendar

Last Earnings: 8/01/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Heavy construction, except building construction - contractors
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NASDAQ:GLDD
CUSIP: 39060710
CIK: 1372020
Web: www.gldd.com
Phone: (346) 359-1010
Fax: 630-574-2909
Employees: 429
Year Founded: 1890

Profitability

EPS (Most Recent Fiscal Year): ($0.64)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 99.63
P/E Growth: N/A
Net Income: $-34,060,000.00
Net Margins: -7.15%
Pretax Margin: -9.13%
Return on Equity: -9.65%
Return on Assets: -3.60%

Debt

Debt-to-Equity Ratio: 1.02
Current Ratio: 1.35
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $595.72 million
Price / Sales: 0.89
Cash Flow: $0.30 per share
Price / Cash Flow: 26.43
Book Value: $5.56 per share
Price / Book: 1.43

Miscellaneous

Outstanding Shares: 66,492,000
Free Float: 65,029,000
Market Cap: $529.94 million
Optionable: Optionable
Beta: 1.03

Social Links

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Lasse J. Petterson (Age 67)
CEO, Pres & Director
Comp: $829.96k

Mr. Scott Lee Kornblau (Age 52)
Sr. VP, Treasurer & CFO
Comp: $464.36k

Mr. James J. Tastard Ph.D. (Age 58)
Sr. VP and Chief HR & Admin. Officer
Comp: $381.15k

Ms. Vivienne R. Schiffer (Age 63)
Sr. VP, Chief Legal Officer, Chief Compliance Officer & Corp. Sec.
Comp: $395.03k

Ms. Eleni Beyko Ph.D. (Age 57)
Sr. VP of Offshore Wind
Comp: $355.33k

Mr. David Johanson (Age 51)
Sr. VP of Project Acquisition & Operations

Mr. Ryan Bayer (Age 41)
VP & Chief Accounting Officer

Tina A. Baginskis
Director of Investor Relations

Mr. Steven W. Becker (Age 61)
Sr. VP of Fleet Engineering

Mr. William H. Hanson (Age 66)
Sr. VP of Market Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GLDD Stock - Frequently Asked Questions

How have GLDD shares performed in 2023?: Great Lakes Dredge & Dock's stock was trading at $5.95 at the beginning of 2023. Since then, GLDD stock has increased by 33.9% and is now trading at $7.97.
View the best growth stocks for 2023 here.
Are investors shorting Great Lakes Dredge & Dock?: Great Lakes Dredge & Dock saw a decline in short interest in September. As of September 15th, there was short interest totaling 1,080,000 shares, a decline of 6.9% from the August 31st total of 1,160,000 shares. Based on an average daily trading volume, of 388,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.7% of the company's shares are short sold.
View Great Lakes Dredge & Dock's Short Interest.
When is Great Lakes Dredge & Dock's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our GLDD earnings forecast.
How were Great Lakes Dredge & Dock's earnings last quarter?: Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) announced its earnings results on Tuesday, August, 1st. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. The construction company had revenue of $132.67 million for the quarter, compared to analyst estimates of $150 million. Great Lakes Dredge & Dock had a negative net margin of 7.15% and a negative trailing twelve-month return on equity of 9.65%.
What ETFs hold Great Lakes Dredge & Dock's stock?: ETFs with the largest weight of Great Lakes Dredge & Dock (NASDAQ:GLDD) stock in their portfolio include Procure Disaster Recovery Strategy ETF (FIXT) and Procure Disaster Recovery Strategy ETF (FEMA).IQ U.S. Small Cap ETF (CSML).
Is Great Lakes Dredge & Dock a good dividend stock?: Great Lakes Dredge & Dock (NASDAQ:GLDD) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for GLDD.
What is Lasse Petterson's approval rating as Great Lakes Dredge & Dock's CEO?: 8 employees have rated Great Lakes Dredge & Dock Chief Executive Officer Lasse Petterson on Glassdoor.com. Lasse Petterson has an approval rating of 32% among the company's employees. This puts Lasse Petterson in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Great Lakes Dredge & Dock own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Great Lakes Dredge & Dock investors own include Advanced Micro Devices (AMD), General Electric (GE), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Ford Motor (F), Energy Transfer (ET), Intel (INTC), QUALCOMM (QCOM) and Bristol-Myers Squibb (BMY).
What is Great Lakes Dredge & Dock's stock symbol?: Great Lakes Dredge & Dock trades on the NASDAQ under the ticker symbol "GLDD."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Great Lakes Dredge & Dock's stock price today?: One share of GLDD stock can currently be purchased for approximately $7.97.
How much money does Great Lakes Dredge & Dock make?: Great Lakes Dredge & Dock (NASDAQ:GLDD) has a market capitalization of $529.94 million and generates $595.72 million in revenue each year. The construction company earns $-34,060,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.
How many employees does Great Lakes Dredge & Dock have?: The company employs 429 workers across the globe.
Does Great Lakes Dredge & Dock have any subsidiaries?: The following companies are subsidiares of Great Lakes Dredge & Dock: 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.
Read More
How can I contact Great Lakes Dredge & Dock?: Great Lakes Dredge & Dock's mailing address is 2122 YORK ROAD, OAK BROOK IL, 60523. The official website for the company is www.gldd.com. The construction company can be reached via phone at (346) 359-1010, via email at tabaginskis@gldd.com, or via fax at 630-574-2909.

This page (NASDAQ:GLDD) was last updated on 10/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial