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NASDAQ:GLDDGreat Lakes Dredge & Dock Stock Price, Forecast & News

$8.40
+0.14 (+1.69 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$8.17
Now: $8.40
$8.41
50-Day Range
$8.26
MA: $9.16
$10.52
52-Week Range
$6.75
Now: $8.40
$11.96
Volume234,100 shs
Average Volume468,387 shs
Market Capitalization$544.24 million
P/E Ratio8.24
Dividend YieldN/A
Beta0.76
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company 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. It 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. 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 23 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.65 out of 5 stars


Industry, Sector and Symbol

Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
Current SymbolNASDAQ:GLDD
CUSIP39060710
Phone630-574-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$711.52 million
Cash Flow$1.49 per share
Book Value$4.37 per share

Profitability

Net Income$49.34 million

Miscellaneous

Employees463
Market Cap$544.24 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Great Lakes Dredge & Dock (NASDAQ:GLDD) Frequently Asked Questions

How has Great Lakes Dredge & Dock's stock been impacted by COVID-19 (Coronavirus)?

Great Lakes Dredge & Dock's stock was trading at $8.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GLDD stock has increased by 3.7% and is now trading at $8.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Great Lakes Dredge & Dock?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Great Lakes Dredge & Dock in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Great Lakes Dredge & Dock.

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

Great Lakes Dredge & Dock is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Great Lakes Dredge & Dock.

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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) posted its earnings results on Tuesday, May, 5th. The construction company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.30. The construction company earned $217.70 million during the quarter. Great Lakes Dredge & Dock had a return on equity of 25.15% and a net margin of 8.98%. View Great Lakes Dredge & Dock's earnings history.

What price target have analysts set for GLDD?

1 analysts have issued 1 year price targets for Great Lakes Dredge & Dock's shares. Their forecasts range from $13.80 to $13.80. On average, they expect Great Lakes Dredge & Dock's share price to reach $13.80 in the next twelve months. This suggests a possible upside of 64.3% from the stock's current price. View analysts' price targets for Great Lakes Dredge & Dock.

Has Great Lakes Dredge & Dock been receiving favorable news coverage?

News stories about GLDD stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Great Lakes Dredge & Dock earned a news impact score of -4.0 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Great Lakes Dredge & Dock.

Who are some of Great Lakes Dredge & Dock's key competitors?

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 Chesapeake Energy (CHK), Ford Motor (F), General Electric (GE), Energy Transfer LP Unit (ET), Freeport-McMoRan (FCX), AT&T (T), AbbVie (ABBV), Advanced Micro Devices (AMD), Bank of America (BAC) and Corbus Pharmaceuticals (CRBP).

Who are Great Lakes Dredge & Dock's key executives?

Great Lakes Dredge & Dock's management team includes the following people:
  • Mr. Lasse J. Petterson, CEO & Director (Age 63)
  • Mr. Mark W. Marinko, Sr. VP & CFO (Age 57)
  • Ms. Kathleen Mackie LaVoy, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 39)
  • Mr. David E. Simonelli, Pres of Dredging Division (Age 62)
  • Mr. Christopher P. Shea, Pres of Environmental & Infrastructure Division (Age 56)

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 number of institutional and retail investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.63%). Company insiders that own Great Lakes Dredge & Dock stock include David E Simonelli, Kathleen Mackie Lavoy, Lasse Petterson, Ryan Levenson and William H Hanson. View institutional ownership trends for Great Lakes Dredge & Dock.

Which institutional investors are buying Great Lakes Dredge & Dock stock?

GLDD stock was purchased by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co.. Company insiders that have bought Great Lakes Dredge & Dock stock in the last two years include Lasse Petterson, and Ryan Levenson. View insider buying and selling activity 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, Robinhood, 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 $8.40.

How big of a company is Great Lakes Dredge & Dock?

Great Lakes Dredge & Dock has a market capitalization of $544.24 million and generates $711.52 million in revenue each year. The construction company earns $49.34 million in net income (profit) each year or $0.86 on an earnings per share basis. Great Lakes Dredge & Dock employs 463 workers across the globe.

What is Great Lakes Dredge & Dock's official website?

The official website for Great Lakes Dredge & Dock is www.gldd.com.

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.

This page was last updated on 7/12/2020 by MarketBeat.com Staff

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