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

$9.64

+0.32 (+3.43 %)

(As of 06/2/2020 01:38 PM ET)

Add

Compare

Today's Range

$9.46

Now: $9.64▼

$9.77

50-Day Range

$7.54

MA: $8.45▼

$9.47

52-Week Range

$6.75

Now: $9.64▼

$11.96

Volume6,081 shs

Average Volume484,005 shs

Market Capitalization$624.58 million

P/E Ratio9.45

Dividend YieldN/A

Beta0.74

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Great Lakes Dredge & Dock has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.80, Great Lakes Dredge & Dock has a potential upside of 43.0% from its current price of $9.65.
Amount of Analyst Coverage
Great Lakes Dredge & Dock has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Great Lakes Dredge & Dock has received 265 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Great Lakes Dredge & Dock has received 271 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Great Lakes Dredge & Dock has received 50.56% “underperform” votes from our community.

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.

0.0 Dividend Strength

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.

1.0 Company Ownership

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 $536,378.00 in company stock.
Percentage Held by Insiders
Only 2.85% of the stock of Great Lakes Dredge & Dock is held by insiders.
Percentage Held by Institutions
88.26% 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.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Great Lakes Dredge & Dock is 9.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Great Lakes Dredge & Dock is 9.46, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 38.01.
Price to Book Value per Share Ratio
Great Lakes Dredge & Dock has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.65 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Heavy construction, except building construction - contractors

Sub-IndustryConstruction & Engineering

SectorConstruction

Current SymbolNASDAQ:GLDD

Previous Symbol

CUSIP39060710

CIK1372020

Webwww.gldd.com

Phone630-574-3000

Debt

Debt-to-Equity Ratio1.25

Current Ratio1.62

Quick Ratio1.48

Price-To-Earnings

Trailing P/E Ratio9.45

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$711.52 million

Price / Sales0.88

Cash Flow$1.55 per share

Price / Cash Flow6.20

Book Value$4.37 per share

Price / Book2.21

Profitability

EPS (Most Recent Fiscal Year)$0.86

Net Income$49.34 million

Net Margins8.98%

Return on Equity25.15%

Return on Assets7.65%

Miscellaneous

Employees463

Outstanding Shares64,790,000

Market Cap$624.58 million

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

Receive GLDD News and Ratings via Email

Sign-up to receive the latest news and ratings for GLDD and its competitors with MarketBeat's FREE daily newsletter.

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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GLDD stock has increased by 19.1% and is now trading at $9.65. 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 EPS for the quarter, topping 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 net margin of 8.98% and a return on equity of 25.15%. View Great Lakes Dredge & Dock's earnings history.

What price target have analysts set for GLDD?

1 equities research analysts have issued twelve-month target prices for Great Lakes Dredge & Dock's shares. Their forecasts range from $13.80 to $13.80. On average, they anticipate Great Lakes Dredge & Dock's stock price to reach $13.80 in the next twelve months. This suggests a possible upside of 43.0% 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 coverage about GLDD stock has trended very positive on Tuesday, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Great Lakes Dredge & Dock earned a news sentiment score of 3.5 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutGreat Lakes Dredge & Dock.

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

Some companies that are related to Great Lakes Dredge & Dock include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Comfort Systems USA (FIX), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Tutor Perini (TPC), Argan (AGX) and MYR Group (MYRG). View all 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.23%), Jennison Associates LLC (6.48%), Russell Investments Group Ltd. (6.42%), Ashford Capital Management Inc. (2.37%), Nuveen Asset Management LLC (2.09%) and Neumeier Poma Investment Counsel LLC (1.89%). 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 selling Great Lakes Dredge & Dock stock?

GLDD stock was sold by a variety of institutional investors in the last quarter, including Wynnefield Capital Inc., AJO LP, Mackay Shields LLC, ClariVest Asset Management LLC, AQR Capital Management LLC, JPMorgan Chase & Co., Chicago Equity Partners LLC, and Morgan Stanley. Company insiders that have sold Great Lakes Dredge & Dock company stock in the last year include David E Simonelli, Kathleen Mackie Lavoy, Ryan Levenson, and William H Hanson. View insider buying and selling activity for Great Lakes Dredge & Dock.

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

GLDD stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Neumeier Poma Investment Counsel LLC, TCW Group Inc., Rock Point Advisors LLC, Invesco Ltd., Wellington Management Group LLP, Cadence Capital Management LLC, and BlackRock Inc.. 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 $9.65.

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

Great Lakes Dredge & Dock has a market capitalization of $625.22 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 6/2/2020 by MarketBeat.com Staff