40,000 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the construction company's stock, valued at approximately $452,000. MassMutual Private Wealth & Trust FSB owned approximately 0.06% of Great Lakes Dredge & Dock as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Great Lakes Dredge & Dock by 217.8% during the third quarter. JPMorgan Chase & Co. now owns 228,121 shares of the construction company's stock worth $2,402,000 after purchasing an additional 156,341 shares during the last quarter. Barclays PLC raised its stake in shares of Great Lakes Dredge & Dock by 338.9% during the 3rd quarter. Barclays PLC now owns 106,642 shares of the construction company's stock worth $1,123,000 after buying an additional 82,344 shares in the last quarter. TCW Group Inc. grew its holdings in Great Lakes Dredge & Dock by 5.0% during the third quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company's stock worth $22,069,000 after acquiring an additional 99,696 shares during the period. Geode Capital Management LLC lifted its stake in shares of Great Lakes Dredge & Dock by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,561,897 shares of the construction company's stock valued at $16,450,000 after purchasing an additional 22,166 shares during the period. Finally, State Street Corp grew its position in Great Lakes Dredge & Dock by 0.9% during the third quarter. State Street Corp now owns 1,540,516 shares of the construction company's stock worth $16,222,000 after buying an additional 13,010 shares during the period. 89.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $12.63, for a total transaction of $293,495.94. Following the sale, the director now owns 67,675 shares of the company's stock, valued at $854,735.25. The trade was a 25.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Great Lakes Dredge & Dock Price Performance

Shares of Great Lakes Dredge & Dock stock traded down $0.26 on Wednesday, hitting $12.18. The company's stock had a trading volume of 293,099 shares, compared to its average volume of 399,295. Great Lakes Dredge & Dock Co. has a 52-week low of $6.55 and a 52-week high of $12.89. The company has a market capitalization of $819.55 million, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $11.98 and a 200-day moving average price of $10.78.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The company had revenue of $191.17 million for the quarter, compared to analysts' expectations of $180.80 million. Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.