Great Lakes Dredge & Dock Corp. (GLDD) Trading Up 2.8%
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD)’s share price was up 2.8% during trading on Tuesday . The company traded as high as $4.06 and last traded at $3.97, with a volume of 150,566 shares trading hands. The stock had previously closed at $3.86.
A number of equities analysts have commented on GLDD shares. Zacks Investment Research upgraded shares of Great Lakes Dredge & Dock Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. DA Davidson reduced their price target on shares of Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Friday, August 5th. Finally, Imperial Capital lowered shares of Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $5.50 to $4.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.50.
The company’s market capitalization is $242.38 million. The firm has a 50-day moving average price of $4.40 and a 200 day moving average price of $4.19.
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $192.19 million for the quarter, compared to analyst estimates of $222.13 million. During the same quarter last year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was down 19.5% compared to the same quarter last year. On average, analysts anticipate that Great Lakes Dredge & Dock Corp. will post ($0.02) EPS for the current year.
In other Great Lakes Dredge & Dock Corp. news, Director Robert B. Uhler purchased 35,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $4.02 per share, with a total value of $140,700.00. Following the completion of the transaction, the director now owns 46,116 shares in the company, valued at $185,386.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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.
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