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

Great Lakes Dredge & Dock's stock was trading at $5.95 at the beginning of the year. Since then, GLDD stock has decreased by 17.5% and is now trading at $4.91.
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Great Lakes Dredge & Dock saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 805,500 shares, a decrease of 9.0% from the February 13th total of 885,100 shares. Based on an average daily trading volume, of 659,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our GLDD earnings forecast.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its earnings results on Tuesday, November, 2nd. The construction company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.08. The construction company had revenue of $168.64 million for the quarter, compared to the consensus estimate of $195 million. Great Lakes Dredge & Dock had a negative trailing twelve-month return on equity of 6.94% and a negative net margin of 5.25%. During the same quarter last year, the company posted $0.19 earnings per share.

ETFs with the largest weight of Great Lakes Dredge & Dock (NASDAQ:GLDD) stock in their portfolio include ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA).iShares U.S. Infrastructure ETF (IFRA).

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.

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).

Great Lakes Dredge & Dock trades on the NASDAQ under the ticker symbol "GLDD."

Great Lakes Dredge & Dock's stock is owned by many different retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (6.47%), Dimensional Fund Advisors LP (6.44%), Alliancebernstein L.P. (5.46%), William Blair Investment Management LLC (3.96%), Franklin Resources Inc. (3.79%) and Ashford Capital Management Inc. (3.60%). 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.
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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.
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One share of GLDD stock can currently be purchased for approximately $4.91.

Great Lakes Dredge & Dock (NASDAQ:GLDD) has a market capitalization of $324.99 million and generates $648.78 million in revenue each year. The construction company earns $-34,060,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis.

The company employs 421 workers across the globe.

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.