Charles Schwab Investment Management Inc. Has $8.68 Million Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Charles Schwab Investment Management Inc. trimmed its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 824,116 shares of the construction company's stock after selling 129,619 shares during the period. Charles Schwab Investment Management Inc. owned 1.23% of Great Lakes Dredge & Dock worth $8,678,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Great Lakes Dredge & Dock in the third quarter worth $157,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Great Lakes Dredge & Dock in the third quarter worth $6,744,000. Jennison Associates LLC boosted its position in Great Lakes Dredge & Dock by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company's stock worth $45,631,000 after acquiring an additional 79,087 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Great Lakes Dredge & Dock during the 3rd quarter worth about $740,000. Finally, Minerva Advisors LLC boosted its position in Great Lakes Dredge & Dock by 1.5% during the 3rd quarter. Minerva Advisors LLC now owns 1,341,807 shares of the construction company's stock worth $14,116,000 after acquiring an additional 19,470 shares during the period. 89.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Great Lakes Dredge & Dock

In other news, Director Kathleen M. Shanahan sold 23,238 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the completion of the transaction, the director now owns 67,675 shares of the company's stock, valued at approximately $854,735.25. This represents a 25.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com cut shares of Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Noble Financial lifted their target price on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd.

Great Lakes Dredge & Dock Stock Performance

Great Lakes Dredge & Dock stock traded up $0.07 on Wednesday, reaching $12.73. 459,573 shares of the stock were exchanged, compared to its average volume of 428,031. The stock has a market cap of $856.37 million, a PE ratio of 14.69, a PEG ratio of 0.47 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock Co. has a twelve month low of $6.55 and a twelve month high of $12.89. The firm has a fifty day moving average price of $12.06 and a two-hundred day moving average price of $10.22.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. The business had revenue of $191.17 million for the quarter, compared to analyst estimates of $180.80 million. During the same period in the prior year, the firm posted ($0.09) EPS. Sell-side analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Great Lakes Dredge & Dock Profile

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.