Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) shares traded up 3.3% on Thursday . The company traded as high as $4.38 and last traded at $4.35, with a volume of 191,148 shares changing hands. The stock had previously closed at $4.21.

A number of research analysts recently weighed in on the stock. Stephens raised shares of Great Lakes Dredge & Dock Corp. from an “equal weight” rating to an “overweight” rating and set a $5.50 target price for the company in a report on Friday, March 18th. Zacks Investment Research lowered shares of Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Great Lakes Dredge & Dock Corp. has a consensus rating of “Hold” and an average target price of $5.67.

The firm’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.06. The firm’s market capitalization is $280.23 million.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.07). During the same quarter in the prior year, the company earned ($0.14) EPS. The firm earned $163.12 million during the quarter, compared to analysts’ expectations of $178.57 million. Great Lakes Dredge & Dock Corp.’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities research analysts predict that Great Lakes Dredge & Dock Corp. will post $0.06 EPS for the current year.

Other large investors have recently modified their holdings of the company. Boston Partners raised its stake in shares of Great Lakes Dredge & Dock Corp. by 14.9% in the fourth quarter. Boston Partners now owns 6,362,970 shares of the company’s stock worth $25,197,000 after buying an additional 823,860 shares in the last quarter. Russell Frank Co raised its stake in shares of Great Lakes Dredge & Dock Corp. by 19.6% in the fourth quarter. Russell Frank Co now owns 1,427,442 shares of the company’s stock worth $5,724,000 after buying an additional 234,078 shares in the last quarter. Merion Investment Management LP raised its stake in shares of Great Lakes Dredge & Dock Corp. by 30.1% in the fourth quarter. Merion Investment Management LP now owns 755,937 shares of the company’s stock worth $2,994,000 after buying an additional 175,000 shares in the last quarter. Finally, DIAM Co. Ltd. raised its stake in Great Lakes Dredge & Dock Corp. by 15.0% in the fourth quarter. DIAM Co. Ltd. now owns 268,400 shares of the company’s stock valued at $1,063,000 after buying an additional 35,100 shares in the last quarter.

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors in the United States.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.