Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. It operates through two segments, Dredging, and Environmental & Infrastructure. The Dredging segment is involved 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. This segment also engages in channel deepening and port infrastructure development; coastal protection projects; re-dredging previously deepened waterways and harbors; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. The Environmental & Infrastructure segment provides environmental and geotechnical construction services, including the creation, repair, or stabilization of environmental barriers; and remediation services comprising the containment, immobilization, or removal of contamination from an environment. It serves general contractors, corporations, superfund potentially responsible parties, and environmental engineering and construction firms, as well as federal and municipal government agencies. The company operates a fleet of 20 dredges, 16 material transportation barges, 1 drillboat, and various other support vessels. 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 Oak Brook, Illinois.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
SectorConstruction
Current SymbolNASDAQ:GLDD
Previous Symbol
CUSIP39060710
Phone630-574-3000
Debt
Debt-to-Equity Ratio1.57
Current Ratio1.56
Quick Ratio1.33
Price-To-Earnings
Trailing P/E Ratio-28.15
Forward P/E Ratio69.27
P/E GrowthN/A
Sales & Book Value
Annual Sales$702.50 million
Price / Sales0.68
Cash Flow$0.8141 per share
Price / Cash Flow9.36
Book Value$3.59 per share
Price / Book2.12
Profitability
EPS (Most Recent Fiscal Year)($0.27)
Net Income$-31,260,000.00
Net Margins-1.07%
Return on Equity-0.73%
Return on Assets-0.20%
Miscellaneous
Employees475
Outstanding Shares62,480,000
Market Cap$451.10 million
OptionableOptionable
Great Lakes Dredge & Dock (NASDAQ:GLDD) Frequently Asked Questions
What is Great Lakes Dredge & Dock's stock symbol?
Great Lakes Dredge & Dock trades on the NASDAQ under the ticker symbol "GLDD."
How were Great Lakes Dredge & Dock's earnings last quarter?
Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its quarterly earnings data on Tuesday, November, 6th. The construction company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.15. The construction company had revenue of $204.32 million for the quarter, compared to the consensus estimate of $199.25 million. Great Lakes Dredge & Dock had a negative net margin of 1.07% and a negative return on equity of 0.73%. Great Lakes Dredge & Dock's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. View Great Lakes Dredge & Dock's Earnings History.
When is Great Lakes Dredge & Dock's next earnings date?
What price target have analysts set for GLDD?
2 Wall Street analysts have issued 1-year price targets for Great Lakes Dredge & Dock's stock. Their forecasts range from $8.00 to $8.00. On average, they anticipate Great Lakes Dredge & Dock's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for Great Lakes Dredge & Dock.
What is the consensus analysts' recommendation for Great Lakes Dredge & Dock?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Great Lakes Dredge & Dock in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Great Lakes Dredge & Dock.
Has Great Lakes Dredge & Dock been receiving favorable news coverage?
Media stories about GLDD stock have trended neutral on Thursday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Great Lakes Dredge & Dock earned a news sentiment score of 0.3 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Great Lakes Dredge & Dock's key competitors?
Who are Great Lakes Dredge & Dock's key executives?
Great Lakes Dredge & Dock's management team includes the folowing people:
- Mr. Lasse J. Petterson, CEO & Director (Age 62)
- Mr. Mark W. Marinko, Sr. VP & CFO (Age 56)
- Mr. Kyle D. Johnson, Exec. VP & COO (Age 57)
- Ms. Kathleen Mackie LaVoy, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 38)
- Mr. David E. Simonelli, Pres of Dredging Division (Age 61)
Who are Great Lakes Dredge & Dock's major shareholders?
Great Lakes Dredge & Dock's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.38%), Jennison Associates LLC (7.90%), BlackRock Inc. (6.38%), Russell Investments Group Ltd. (5.90%), Vanguard Group Inc. (4.64%) and Walthausen & Co. LLC (3.79%). Company insiders that own Great Lakes Dredge & Dock stock include Carl A Albert, Kathleen M Shanahan, Lasse Petterson, Peter Deutsch, Robert B Uhler and Ronald Steger. View Institutional Ownership Trends for Great Lakes Dredge & Dock.
Which major investors are selling Great Lakes Dredge & Dock stock?
GLDD stock was sold by a variety of institutional investors in the last quarter, including Quantum Capital Management, Credit Suisse AG, Jennison Associates LLC, Royce & Associates LP, TIAA CREF Investment Management LLC, Foundry Partners LLC, Deltec Asset Management LLC and Falcon Point Capital LLC. View Insider Buying and Selling for Great Lakes Dredge & Dock.
Which major investors are buying Great Lakes Dredge & Dock stock?
GLDD stock was purchased by a variety of institutional investors in the last quarter, including Walthausen & Co. LLC, Essex Investment Management Co. LLC, TCW Group Inc., Renaissance Technologies LLC, Hodges Capital Management Inc., Laurel Wealth Advisors Inc., Citadel Advisors LLC and Vanguard Group Inc.. Company insiders that have bought Great Lakes Dredge & Dock stock in the last two years include Carl A Albert, Kathleen M Shanahan, Lasse Petterson, Peter Deutsch, Robert B Uhler and Ronald Steger. View Insider Buying and Selling for Great Lakes Dredge & Dock.
How do I buy shares of Great Lakes Dredge & Dock?
Shares of GLDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Great Lakes Dredge & Dock's stock price today?
One share of GLDD stock can currently be purchased for approximately $7.58.
How big of a company is Great Lakes Dredge & Dock?
Great Lakes Dredge & Dock has a market capitalization of $451.10 million and generates $702.50 million in revenue each year. The construction company earns $-31,260,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis. Great Lakes Dredge & Dock employs 475 workers across the globe.
What is Great Lakes Dredge & Dock's official website?
How can I contact Great Lakes Dredge & Dock?
Great Lakes Dredge & Dock's mailing address is 2122 YORK ROAD, OAK BROOK IL, 60523. The construction company can be reached via phone at 630-574-3000.
MarketBeat Community Rating for Great Lakes Dredge & Dock (NASDAQ GLDD)
MarketBeat's community ratings are surveys of what our community members think about Great Lakes Dredge & Dock and other stocks. Vote "Outperform" if you believe GLDD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLDD will underperform the S&P 500 over the long term. You may vote once every thirty days.
