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Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
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S&P 500   4,280.15
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Pipeline break spills 45,000 gallons of diesel in Wyoming
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Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
NASDAQ:GLDD

Great Lakes Dredge & Dock - GLDD Stock Forecast, Price & News

$10.43
+0.28 (+2.76%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.13
$10.47
50-Day Range
$9.67
$15.37
52-Week Range
$9.39
$16.27
Volume
425,747 shs
Average Volume
247,003 shs
Market Capitalization
$689.06 million
P/E Ratio
15.12
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
2.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.24
Upright™ Environmental Score
News Sentiment
1.24mentions of Great Lakes Dredge & Dock in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$96,500 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.68 out of 5 stars

Construction Sector

92nd out of 105 stocks

Heavy Construction, Except Building Construction - Contractors Industry

8th out of 8 stocks

GLDD stock logo

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 a fleet of 18 dredges, 17 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 Houston, Texas.

Analyst Ratings Changes

GLDD has been the subject of a number of analyst reports. TheStreet cut Great Lakes Dredge & Dock from a "b-" rating to a "c" rating in a report on Wednesday, August 3rd. StockNews.com cut Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ:GLDD traded up $0.28 during midday trading on Friday, reaching $10.43. 425,747 shares of the company traded hands, compared to its average volume of 247,003. The firm has a market cap of $689.06 million, a PE ratio of 15.12 and a beta of 0.70. The stock's 50-day simple moving average is $12.51 and its 200-day simple moving average is $13.65. Great Lakes Dredge & Dock has a 12 month low of $9.39 and a 12 month high of $16.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 2.00.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.23). Great Lakes Dredge & Dock had a net margin of 6.30% and a return on equity of 11.38%. During the same period in the prior year, the firm earned $0.03 EPS. As a group, equities analysts anticipate that Great Lakes Dredge & Dock will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Great Lakes Dredge & Dock news, CEO Lasse Petterson bought 10,000 shares of the stock in a transaction dated Friday, August 5th. The stock was bought at an average cost of $9.65 per share, for a total transaction of $96,500.00. Following the completion of the purchase, the chief executive officer now owns 1,003,630 shares in the company, valued at approximately $9,685,029.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is currently owned by corporate insiders.

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GLDD Stock News Headlines

Great Lakes Dredge & Dock Corp - Stock Quote GLDD
Great Lakes Dredge & Dock Corporation
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GLDD Company Calendar

Last Earnings
8/02/2022
Today
8/12/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:GLDD
CUSIP
39060710
Employees
421
Year Founded
1890

Profitability

Net Income
$49.43 million
Pretax Margin
8.19%

Debt

Sales & Book Value

Annual Sales
$726.15 million
Cash Flow
$1.55 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
64,598,000
Market Cap
$689.06 million
Optionable
Optionable
Beta
0.70

Social Links


Key Executives

  • Mr. Lasse J. Petterson (Age 66)
    CEO, Pres & Director
    Comp: $1.74M
  • Mr. Scott Lee Kornblau (Age 51)
    Sr. VP, Treasurer & CFO
    Comp: $515.06k
  • Mr. David E. Simonelli (Age 65)
    Chief Operating Officer
    Comp: $1.02M
  • Mr. James J. Tastard (Age 57)
    Sr. VP and Chief HR & Admin. Officer
    Comp: $564.14k
  • Ms. Vivienne R. Schiffer (Age 62)
    Sr. VP, Chief Legal Officer, Chief Compliance Officer & Corp. Sec.
    Comp: $577.48k
  • Mr. Todd M. Lightfoot (Age 48)
    VP & Chief Accounting Officer
  • Tina A. Baginskis
    Director of Investor Relations
  • Mr. J. Christopher Gillespie (Age 61)
    Sr. VP of Dredging Operations
  • Mr. Steven W. Becker (Age 60)
    Sr. VP of Fleet Engineering
  • Mr. William H. Hanson (Age 65)
    Sr. VP of Gov. Relations & Bus. Devel.













GLDD Stock - Frequently Asked Questions

How have GLDD shares performed in 2022?

Great Lakes Dredge & Dock's stock was trading at $15.72 on January 1st, 2022. Since then, GLDD stock has decreased by 33.8% and is now trading at $10.41.
View the best growth stocks for 2022 here
.

When is Great Lakes Dredge & Dock's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our GLDD earnings forecast
.

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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) announced its quarterly earnings results on Tuesday, August, 2nd. The construction company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.23. Great Lakes Dredge & Dock had a trailing twelve-month return on equity of 11.38% and a net margin of 6.30%. During the same period in the prior year, the company posted $0.03 EPS.

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."

Who are Great Lakes Dredge & Dock's major shareholders?

Great Lakes Dredge & Dock's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (7.73%), William Blair Investment Management LLC (4.20%), TCW Group Inc. (1.79%), Fort Washington Investment Advisors Inc. OH (1.32%), Royce & Associates LP (0.89%) and Kennedy Capital Management Inc. (0.89%). Insiders that own company stock include David E Simonelli, David E Simonelli, Earl L Shipp, Kathleen Mackie Lavoy, Lasse Petterson, Lawrence R Dickerson, Ryan Levenson and William H Hanson.
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 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 $10.41.

How much money does Great Lakes Dredge & Dock make?

Great Lakes Dredge & Dock (NASDAQ:GLDD) has a market capitalization of $687.79 million and generates $726.15 million in revenue each year. The construction company earns $49.43 million in net income (profit) each year or $0.69 on an earnings per share basis.

How many employees does Great Lakes Dredge & Dock have?

The company employs 421 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

When was Great Lakes Dredge & Dock founded?

Great Lakes Dredge & Dock was founded in 1890.

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 8/13/2022 by MarketBeat.com Staff

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