Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) shares were down 3.1% during trading on Friday . The stock traded as low as $3.79 and last traded at $3.79, with a volume of 86,378 shares. The stock had previously closed at $3.91.

Several research analysts recently commented on GLDD shares. Zacks Investment Research raised Great Lakes Dredge & Dock Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. DA Davidson lowered their target price on Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Finally, Imperial Capital cut Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $5.50 to $4.00 in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Great Lakes Dredge & Dock Corp. currently has an average rating of “Hold” and a consensus price target of $4.50.

The firm’s market capitalization is $232.66 million. The stock has a 50-day moving average of $4.36 and a 200-day moving average of $4.19.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.04. The company earned $192.19 million during the quarter, compared to analyst estimates of $222.13 million. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities analysts predict that Great Lakes Dredge & Dock Corp. will post ($0.02) earnings per share for the current year.

In other news, Director Robert B. Uhler bought 35,000 shares of the business’s 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 transaction, the director now owns 46,116 shares of the company’s stock, valued at approximately $185,386.32. The acquisition was disclosed in a filing with the SEC, which is accessible 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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