Dynamic Technology Lab Private Ltd Has $751,000 Stake in Great Lakes Dredge & Dock Corporation $GLDD

Dynamic Technology Lab Private Ltd grew its holdings in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 319.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,606 shares of the construction company’s stock after acquiring an additional 47,697 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.09% of Great Lakes Dredge & Dock worth $751,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Great Lakes Dredge & Dock by 680.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 841,140 shares of the construction company’s stock valued at $10,253,000 after purchasing an additional 733,312 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Great Lakes Dredge & Dock by 404.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 492,191 shares of the construction company’s stock worth $6,000,000 after purchasing an additional 394,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Great Lakes Dredge & Dock by 99.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 494,033 shares of the construction company’s stock worth $5,884,000 after buying an additional 246,007 shares during the period. American Century Companies Inc. raised its holdings in Great Lakes Dredge & Dock by 10.6% during the 3rd quarter. American Century Companies Inc. now owns 2,412,467 shares of the construction company’s stock worth $28,925,000 after buying an additional 231,558 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Great Lakes Dredge & Dock in the second quarter valued at approximately $2,723,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GLDD shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $17.00 price target on shares of Great Lakes Dredge & Dock in a report on Wednesday, March 4th. Wall Street Zen lowered shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Weiss Ratings raised shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 21st. Noble Financial lowered shares of Great Lakes Dredge & Dock from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 12th. Finally, Zacks Research upgraded Great Lakes Dredge & Dock from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Great Lakes Dredge & Dock Trading Up 0.1%

NASDAQ GLDD opened at $16.95 on Tuesday. 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 stock’s 50 day moving average price is $15.43 and its two-hundred day moving average price is $13.34. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.25 and a beta of 1.38.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Monday, February 23rd. The construction company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.10. The company had revenue of $256.45 million during the quarter, compared to analysts’ expectations of $216.30 million. Great Lakes Dredge & Dock had a net margin of 8.27% and a return on equity of 16.46%. As a group, analysts anticipate that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Johanson sold 2,100 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $13.96, for a total value of $29,316.00. Following the completion of the transaction, the senior vice president owned 91,963 shares of the company’s stock, valued at approximately $1,283,803.48. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

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.