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NASDAQ:GLDD

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

$9.65
-0.15 (-1.53%)
(As of 09/17/2024 ET)

About Great Lakes Dredge & Dock Stock (NASDAQ:GLDD)

Key Stats

Today's Range
$9.52
$9.97
50-Day Range
$8.10
$10.13
52-Week Range
$6.11
$10.55
Volume
346,081 shs
Average Volume
427,807 shs
Market Capitalization
$646.64 million
P/E Ratio
16.93
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

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.

Great Lakes Dredge & Dock Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 80th Percentile

Great Lakes Dredge & Dock scored higher than 80% of companies evaluated by MarketBeat, and ranked 35th out of 104 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Great Lakes Dredge & Dock are expected to grow by 6.25% in the coming year, from $0.80 to $0.85 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Great Lakes Dredge & Dock is 16.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.32.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Great Lakes Dredge & Dock is 16.93, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 24.00.

  • Price to Earnings Growth Ratio

    Great Lakes Dredge & Dock has a PEG Ratio of 0.34. 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 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Great Lakes Dredge & Dock's valuation and earnings.
  • Percentage of Shares Shorted

    1.50% 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 2.1, 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 increased by 1.58%, indicating that investor sentiment is decreasing.
  • 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 14.74%. 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 9.88% next year. This indicates that Great Lakes Dredge & Dock will be able to sustain or increase its dividend.

  • Read more about Great Lakes Dredge & Dock's dividend.
  • Percentage of Shares Shorted

    1.50% 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 2.1, 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 increased by 1.58%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Great Lakes Dredge & Dock has a news sentiment score of 0.55. 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 lower news sentiment than the 0.71 average news sentiment score of Construction companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Great Lakes Dredge & Dock this week, compared to 2 articles on an average week.
  • Search Interest

    Only 4 people have searched for GLDD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Great Lakes Dredge & Dock to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • 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 $1,174,747.00 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.

  • Read more about Great Lakes Dredge & Dock's insider trading history.
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GLDD Stock News Headlines

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See More Headlines

GLDD Stock Analysis - Frequently Asked Questions

Great Lakes Dredge & Dock's stock was trading at $7.68 at the start of the year. Since then, GLDD shares have increased by 25.7% and is now trading at $9.65.
View the best growth stocks for 2024 here
.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its quarterly earnings results on Tuesday, August, 6th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The construction company had revenue of $170.09 million for the quarter, compared to analysts' expectations of $165 million. Great Lakes Dredge & Dock had a trailing twelve-month return on equity of 10.05% and a net margin of 6.61%.

The following companies are subsidiaries of Great Lakes Dredge & Dock: 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.

Top institutional investors of Great Lakes Dredge & Dock include Dimensional Fund Advisors LP (6.62%), TCW Group Inc. (2.98%), Private Management Group Inc. (1.87%) and Price Jennifer C. (0.67%). Insiders that own company stock include Lasse Petterson, Ryan Levenson, David E Simonelli, Earl L Shipp, William H Hanson and Lawrence R Dickerson.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Energy Transfer (ET).

Company Calendar

Last Earnings
8/06/2024
Today
9/17/2024
Next Earnings (Estimated)
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
Current Symbol
NASDAQ:GLDD
CUSIP
39060710
Employees
430
Year Founded
1890

Profitability

Net Income
$13.91 million
Pretax Margin
8.74%

Debt

Sales & Book Value

Annual Sales
$667.66 million
Cash Flow
$0.81 per share
Book Value
$5.79 per share

Miscellaneous

Free Float
65,535,000
Market Cap
$646.64 million
Optionable
Optionable
Beta
1.15

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This page (NASDAQ:GLDD) was last updated on 9/18/2024 by MarketBeat.com Staff
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