Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) fell 1.9% during trading on Wednesday . The stock traded as low as $4.53 and last traded at $4.54, with a volume of 102,133 shares trading hands. The stock had previously closed at $4.63.

Separately, 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Great Lakes Dredge & Dock Corp. currently has an average rating of “Hold” and an average price target of $5.67.

The company’s market cap is $271.13 million. The firm’s 50-day moving average is $4.63 and its 200-day moving average is $4.10.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.07) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.07). During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The firm had revenue of $163.12 million for the quarter, compared to analyst estimates of $178.57 million. Great Lakes Dredge & Dock Corp.’s quarterly revenue was down 6.6% on a year-over-year basis. Equities research analysts expect that Great Lakes Dredge & Dock Corp. will post $0.06 earnings per share for the current year.

An institutional investor recently raised its position in Great Lakes Dredge & Dock Corp. stock. Boston Partners boosted its position in Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,362,970 shares of the company’s stock after buying an additional 823,860 shares during the period. Boston Partners owned about 10.52% of Great Lakes Dredge & Dock Corp. worth $25,197,000 as of its most recent SEC filing.

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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