Tudor Investment Corp ET AL Sells 101,818 Shares of Great Lakes Dredge & Dock Corporation $GLDD

Tudor Investment Corp ET AL decreased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 26.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,118 shares of the construction company’s stock after selling 101,818 shares during the period. Tudor Investment Corp ET AL’s holdings in Great Lakes Dredge & Dock were worth $3,431,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management increased its holdings in shares of Great Lakes Dredge & Dock by 79.2% during the third quarter. MAI Capital Management now owns 2,161 shares of the construction company’s stock worth $26,000 after buying an additional 955 shares in the last quarter. Strs Ohio acquired a new stake in shares of Great Lakes Dredge & Dock during the 1st quarter valued at $45,000. State of Alaska Department of Revenue acquired a new stake in shares of Great Lakes Dredge & Dock during the 3rd quarter valued at $46,000. Federated Hermes Inc. grew its position in Great Lakes Dredge & Dock by 43.5% during the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock worth $61,000 after acquiring an additional 1,505 shares during the last quarter. Finally, CWM LLC grew its position in Great Lakes Dredge & Dock by 125.0% during the 3rd quarter. CWM LLC now owns 6,995 shares of the construction company’s stock worth $84,000 after acquiring an additional 3,886 shares during the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Trading Down 0.1%

NASDAQ:GLDD opened at $16.97 on Friday. Great Lakes Dredge & Dock Corporation has a 52 week low of $7.51 and a 52 week high of $16.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.01. The firm’s fifty day moving average is $16.32 and its 200-day moving average is $13.78. The firm has a market cap of $1.13 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.26 and a beta of 1.38.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its earnings results on Monday, February 23rd. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.10. The business had revenue of $256.45 million for the quarter, compared to analyst estimates of $216.30 million. Great Lakes Dredge & Dock had a net margin of 8.27% and a return on equity of 16.46%. Equities analysts expect that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Noble Financial downgraded Great Lakes Dredge & Dock from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 21st. Wall Street Zen downgraded Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Texas Capital lowered shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. downgraded shares of Great Lakes Dredge & Dock from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Thursday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

About Great Lakes Dredge & Dock

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.