Great Lakes Dredge & Dock (GLDD) Stock Price, News & Analysis

Company Overview

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. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects; and land reclamations, channel deepening, and port infrastructure development. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil and gas, and other energy companies. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, and material and other barges equipment. 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 Houston, Texas.

Key Stats

• Today's Range: $11.99 to $12.31
• 50-Day Range: $9.44 to $12.69
• 52-Week Range: $6.43 to $12.83
• Volume: 243,427 shs
• Average Volume: 446,437 shs
• Market Capitalization: $822.04 million
• P/E Ratio: 14.05
• Dividend Yield: N/A
• Price Target: $14.00
• Consensus Rating: Buy

Great Lakes Dredge & Dock Stock Analysis - MarketRank™

Great Lakes Dredge & Dock scored higher than 99% of companies evaluated by MarketBeat, and ranked 4th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

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.

Amount of Analyst Coverage

Great Lakes Dredge & Dock has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 15.79%

Earnings Growth

Earnings for Great Lakes Dredge & Dock are expected to grow by 15.79% in the coming year, from $0.76 to $0.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Great Lakes Dredge & Dock is 14.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Great Lakes Dredge & Dock is 14.05, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

Price to Earnings Growth Ratio

Great Lakes Dredge & Dock has a PEG Ratio of 0.45. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Great Lakes Dredge & Dock has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.02% of the float of Great Lakes Dredge & Dock has been sold short.

Short Interest Ratio / Days to Cover

Great Lakes Dredge & Dock has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Lakes Dredge & Dock has recently decreased by 15.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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.

Dividend Coverage

The dividend payout ratio of Great Lakes Dredge & Dock is 9.66%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Great Lakes Dredge & Dock will have a dividend payout ratio of 9.55% next year. This indicates that Great Lakes Dredge & Dock will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -5.04

Percentage of Shares Shorted

1.02% of the float of Great Lakes Dredge & Dock has been sold short.

Short Interest Ratio / Days to Cover

Great Lakes Dredge & Dock has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Great Lakes Dredge & Dock has recently decreased by 15.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.42

News Sentiment

Great Lakes Dredge & Dock has a news sentiment score of 1.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Great Lakes Dredge & Dock this week, compared to 3 articles on an average week.

Search Interest

9 people have searched for GLDD on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Great Lakes Dredge & Dock to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $981,078.00 in company stock.

Percentage Held by Insiders

Only 2.20% of the stock of Great Lakes Dredge & Dock is held by insiders.

Percentage Held by Institutions

89.11% 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.

GLDD Stock Analysis - Frequently Asked Questions

How have GLDD shares performed this year?

Great Lakes Dredge & Dock's stock was trading at $7.68 at the beginning of the year. Since then, GLDD stock has increased by 59.1% and is now trading at $12.22.
View the best growth stocks for 2024 here.

How were Great Lakes Dredge & Dock's earnings last quarter?

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) announced 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. The construction company earned $191.17 million during the quarter, compared to the consensus estimate of $180.80 million. Great Lakes Dredge & Dock had a trailing twelve-month return on equity of 13.35% and a net margin of 7.97%.

Does Great Lakes Dredge & Dock have any subsidiaries?

Great Lakes Dredge & Dock subsidiaries include Drews Services LLC, Great Lakes Dredge & Dock (Bahamas) Ltd., Great Lakes Dredge & Dock Company LLC, Great Lakes Dredge & Dock do Brasil Ltda., Great Lakes Environmental & Infrastructure Solutions LLC, Great Lakes U.S. Fleet Management LLC, NASDI Holdings LLC, Terra Contracting Services LLC, and Terra Fluid Management LLC.

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

Great Lakes Dredge & Dock's top institutional investors include Jennison Associates LLC (6.44%), Harvey Partners LLC (5.42%), TCW Group Inc. (3.12%) and Geode Capital Management LLC (2.32%). Insiders that own company stock include Lasse Petterson, Ryan Levenson, David E Simonelli, Earl L Shipp and William H Hanson.
View institutional ownership trends.

How do I buy shares of Great Lakes Dredge & Dock?

Shares of GLDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Great Lakes Dredge & Dock investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Broadcom (AVGO), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Heavy construction, except building construction - contractors
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:GLDD
• CUSIP: 39060710
• CIK: 1372020
• Web: www.gldd.com
• Phone: (346) 359-1010
• Fax: 630-574-2909
• Employees: 367
• Year Founded: 1890

Price Target and Rating

• Average Stock Price Target: $14.00
• High Stock Price Target: $14.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +14.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.87
• Trailing P/E Ratio: 14.05
• Forward P/E Ratio: 16.08
• P/E Growth: 0.46
• Net Income: $13.91 million
• Net Margins: 7.97%
• Pretax Margin: 10.56%
• Return on Equity: 13.35%
• Return on Assets: 4.88%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 1.21
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $589.62 million
• Price / Sales: 1.39
• Cash Flow: $0.79 per share
• Price / Cash Flow: 15.48
• Book Value: $6.32 per share
• Price / Book: 1.93

Miscellaneous

• Outstanding Shares: 67,270,000
• Free Float: 65,792,000
• Market Cap: $822.04 million
• Optionable: Optionable
• Beta: 1.13