NASDAQ:GLDD - Great Lakes Dredge & Dock Stock Price, News, & Analysis

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$9.08 +0.08 (+0.89 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$9.08
Today's Range$8.87 - $9.10
52-Week Range$4.25 - $9.18
Volume1.11 million shs
Average Volume883,634 shs
Market Capitalization$568.86 million
P/E Ratio25.22
Dividend YieldN/A
Beta0.67
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.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$620.79 million
Cash Flow$1.2404 per share
Book Value$3.44 per share

Profitability

Net Income$-6,290,000.00

Miscellaneous

Employees463
Market Cap$568.86 million
Next Earnings Date5/1/2019 (Estimated)
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) posted its earnings results on Wednesday, February, 20th. The construction company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.13. The construction company earned $173.20 million during the quarter, compared to analysts' expectations of $187.55 million. Great Lakes Dredge & Dock had a positive return on equity of 6.99% and a negative net margin of 0.93%. The company's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) earnings per share. View Great Lakes Dredge & Dock's Earnings History.

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

Great Lakes Dredge & Dock is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Great Lakes Dredge & Dock.

What price target have analysts set for GLDD?

1 analysts have issued 12 month price targets for Great Lakes Dredge & Dock's shares. 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 year. This suggests that the stock has a possible downside of 11.9%. View Analyst Price Targets for Great Lakes Dredge & Dock.

What is the consensus analysts' recommendation for 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.

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

News headlines about GLDD stock have been trending somewhat negative this week, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Great Lakes Dredge & Dock earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned media stories about the construction company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

Are investors shorting Great Lakes Dredge & Dock?

Great Lakes Dredge & Dock saw a decline in short interest during the month of February. As of February 28th, there was short interest totalling 492,329 shares, a decline of 46.1% from the February 15th total of 913,113 shares. Based on an average trading volume of 1,361,026 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company's shares are short sold. View Great Lakes Dredge & Dock's Current Options Chain.

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

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

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 63)
  • Mr. Mark W. Marinko, Sr. VP & CFO (Age 57)
  • Mr. Kyle D. Johnson, Exec. VP & COO (Age 58)
  • Ms. Kathleen Mackie LaVoy, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 39)
  • Mr. David E. Simonelli, Pres of Dredging Division (Age 62)

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

Great Lakes Dredge & Dock's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.37%), Dimensional Fund Advisors LP (8.37%), Jennison Associates LLC (7.97%), BlackRock Inc. (6.85%), Segall Bryant & Hamill LLC (3.87%) and Walthausen & Co. LLC (3.19%). Company insiders that own Great Lakes Dredge & Dock stock include David E Simonelli, Kathleen M Shanahan, Lasse Petterson, Robert B Uhler, Ronald Steger and Ryan Levenson. 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 Walthausen & Co. LLC, Bank of New York Mellon Corp, Segall Bryant & Hamill LLC, Barclays PLC, Royce & Associates LP, Victory Capital Management Inc., Private Management Group Inc. and Logan Capital Management Inc.. Company insiders that have sold Great Lakes Dredge & Dock company stock in the last year include David E Simonelli and Ryan Levenson. 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 Millennium Management LLC, BlackRock Inc., London Co. of Virginia, Geode Capital Management LLC, Geode Capital Management LLC, Boston Partners, Two Sigma Investments LP and D. E. Shaw & Co. Inc.. Company insiders that have bought Great Lakes Dredge & Dock stock in the last two years include Kathleen M Shanahan, Lasse Petterson, 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 $9.08.

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

Great Lakes Dredge & Dock has a market capitalization of $568.86 million and generates $620.79 million in revenue each year. The construction company earns $-6,290,000.00 in net income (profit) each year or $0.36 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 http://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.


MarketBeat Community Rating for Great Lakes Dredge & Dock (NASDAQ GLDD)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  198 (Vote Outperform)
Underperform Votes:  179 (Vote Underperform)
Total Votes:  377
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.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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