Oddo BHF Asset Management Sas Buys New Shares in Great Lakes Dredge & Dock Corporation $GLDD

Oddo BHF Asset Management Sas purchased a new position in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,166,388 shares of the construction company’s stock, valued at approximately $19,829,000.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 39.0% in the 1st quarter. Parallel Advisors LLC now owns 2,304 shares of the construction company’s stock valued at $39,000 after purchasing an additional 647 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Great Lakes Dredge & Dock by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 12,168 shares of the construction company’s stock valued at $160,000 after buying an additional 786 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Great Lakes Dredge & Dock by 231.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock worth $28,000 after buying an additional 1,474 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Great Lakes Dredge & Dock by 0.8% during the 3rd quarter. Raymond James Financial Inc. now owns 188,570 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,476 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock worth $61,000 after buying an additional 1,505 shares during the period. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Price Performance

GLDD opened at $17.00 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.73. Great Lakes Dredge & Dock Corporation has a 52-week low of $8.80 and a 52-week high of $17.02. The company has a 50 day moving average of $15.47 and a two-hundred day moving average of $16.12. The company has a market cap of $1.14 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.26 and a beta of 1.38.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Great Lakes Dredge & Dock to a “strong-buy” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Great Lakes Dredge & Dock currently has a consensus rating of “Hold” and an average target price of $17.00.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.