Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Director Ryan Levenson purchased 53,536 shares of Great Lakes Dredge & Dock stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $11.03 per share, with a total value of $590,502.08.
Ryan Levenson also recently made the following trade(s):
- On Monday, December 2nd, Ryan Levenson acquired 32,625 shares of Great Lakes Dredge & Dock stock. The shares were acquired at an average price of $10.58 per share, with a total value of $345,172.50.
Shares of GLDD traded up $0.23 during mid-day trading on Friday, reaching $11.26. The company had a trading volume of 22,921 shares, compared to its average volume of 510,682. Great Lakes Dredge & Dock Co. has a 52-week low of $6.09 and a 52-week high of $11.81. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $676.27 million, a P/E ratio of 31.31 and a beta of 0.48. The stock has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.57.
Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, November 5th. The construction company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $169.80 million for the quarter, compared to analyst estimates of $178.50 million. Great Lakes Dredge & Dock had a return on equity of 20.57% and a net margin of 3.56%. Great Lakes Dredge & Dock’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, sell-side analysts expect that Great Lakes Dredge & Dock Co. will post 0.74 earnings per share for the current year.
A number of analysts have recently weighed in on GLDD shares. BidaskClub upgraded shares of Great Lakes Dredge & Dock from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. ValuEngine raised shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Thursday, October 31st. Finally, Noble Financial reaffirmed a “buy” rating and issued a $13.80 price target on shares of Great Lakes Dredge & Dock in a report on Sunday, October 6th.
A number of institutional investors have recently added to or reduced their stakes in the business. Nkcfo LLC acquired a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter worth approximately $52,000. Canton Hathaway LLC lifted its stake in shares of Great Lakes Dredge & Dock by 50.0% in the 3rd quarter. Canton Hathaway LLC now owns 5,220 shares of the construction company’s stock valued at $55,000 after purchasing an additional 1,740 shares during the period. Hancock Whitney Corp acquired a new position in shares of Great Lakes Dredge & Dock in the 2nd quarter valued at $125,000. One Wealth Advisors LLC purchased a new stake in Great Lakes Dredge & Dock during the second quarter worth $139,000. Finally, Aperio Group LLC purchased a new stake in Great Lakes Dredge & Dock during the second quarter worth $187,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
Great Lakes Dredge & Dock Company Profile
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company is involved 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.
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