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

Company Overview

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; lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects; and land reclamations, channel deepening, and port infrastructure development. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil and gas, and other energy companies. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, 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.

Key Stats

• Today's Range: $9.87 to $10.37
• 50-Day Range: $8.10 to $10.32
• 52-Week Range: $6.11 to $10.55
• Volume: 392,215 shs
• Average Volume: 428,121 shs
• Market Capitalization: $691.53 million
• P/E Ratio: 18.11
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Great Lakes Dredge & Dock Stock Analysis - MarketRank™

Great Lakes Dredge & Dock scored higher than 80% of companies evaluated by MarketBeat, and ranked 12th out of 37 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

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

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 6.25%

Earnings Growth

Earnings for Great Lakes Dredge & Dock are expected to grow by 6.25% in the coming year, from $0.80 to $0.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Great Lakes Dredge & Dock is 18.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.23.

Price to Earnings Ratio vs. Sector

The P/E ratio of Great Lakes Dredge & Dock is 18.11, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 527.50.

Price to Earnings Growth Ratio

Great Lakes Dredge & Dock has a PEG Ratio of 0.34. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Great Lakes Dredge & Dock has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.50% 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 2.1, 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 increased by 1.58%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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 Coverage

The dividend payout ratio of Great Lakes Dredge & Dock is 14.74%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Great Lakes Dredge & Dock will have a dividend payout ratio of 9.88% next year. This indicates that Great Lakes Dredge & Dock will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -5.04

Percentage of Shares Shorted

1.50% 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 2.1, 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 increased by 1.58%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.20

News Sentiment

Great Lakes Dredge & Dock has a news sentiment score of 0.20. 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 news sentiment score is similar to the average news sentiment of Industrials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Great Lakes Dredge & Dock this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for GLDD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Great Lakes Dredge & Dock to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Great Lakes Dredge & Dock insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,174,747.00 in 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

89.11% 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.

GLDD Stock Analysis - Frequently Asked Questions

How have GLDD shares performed this year?

Great Lakes Dredge & Dock's stock was trading at $7.68 on January 1st, 2024. Since then, GLDD stock has increased by 34.4% and is now trading at $10.32.
View the best growth stocks for 2024 here.

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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) announced its quarterly earnings data on Tuesday, August, 6th. The construction company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.08. The construction company earned $170.09 million during the quarter, compared to analysts' expectations of $165 million. Great Lakes Dredge & Dock had a trailing twelve-month return on equity of 10.05% and a net margin of 6.61%.

Does Great Lakes Dredge & Dock have any subsidiaries?

Great Lakes Dredge & Dock subsidiaries include these companies: 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.

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

Great Lakes Dredge & Dock's top institutional shareholders include Dimensional Fund Advisors LP (6.62%), TCW Group Inc. (2.98%), Private Management Group Inc. (1.87%) and Price Jennifer C. (0.67%). Insiders that own company stock include Lasse Petterson, Ryan Levenson, David E Simonelli, Earl L Shipp, William H Hanson and Lawrence R Dickerson.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Great Lakes Dredge & Dock own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Engineering & Construction
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:GLDD
• CUSIP: 39060710
• CIK: 1372020
• Web: www.gldd.com
• Phone: (346) 359-1010
• Fax: 630-574-2909
• Employees: 367
• Year Founded: 1890

Profitability

• EPS (Most Recent Fiscal Year): $0.57
• Trailing P/E Ratio: 18.11
• Forward P/E Ratio: 12.90
• P/E Growth: 0.34
• Net Income: $13.91 million
• Net Margins: 6.61%
• Pretax Margin: 8.74%
• Return on Equity: 10.05%
• Return on Assets: 3.65%

Debt

• Debt-to-Equity Ratio: 0.98
• Current Ratio: 1.32
• Quick Ratio: 1.13

Sales & Book Value

• Annual Sales: $667.66 million
• Price / Sales: 1.04
• Cash Flow: $0.87 per share
• Price / Cash Flow: 11.87
• Book Value: $5.79 per share
• Price / Book: 1.78

Miscellaneous

• Outstanding Shares: 67,009,000
• Free Float: 65,535,000
• Market Cap: $691.53 million
• Optionable: Optionable
• Beta: 1.15