Great Lakes Dredge & Dock Corporation (GLDD) saw an uptrend of 12.70% in the recent trading with $15.44 being its most recent. The current price level 10.13% lower than the highest price of $14.02 marked by the stock while trading over the past 52-weeks, whereas it is 105.59% higher than the lowest price of $7.51 the company dropped to over past 52-weeks. The latest news story on GLDD appeared in (Zacks) under the title “Great Lakes Dredge & Dock (GLDD) Surpasses Market Returns: Some Facts Worth Knowing”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Great Lakes Dredge & Dock Corporation Earnings – What Happened With GLDD
Coming around sales and income figures on GLDD Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Great Lakes Dredge & Dock Corporation (GLDD) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 27.94% for net revenue.
GLDD – Great Lakes Dredge & Dock Corporation Stock Earnings Estimates
The perspective of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.23 for stock’s EPS in the current quarter. Great Lakes Dredge & Dock Corporation (GLDD) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 27.94% for net revenue. Company’s EPS for the last quarter was 0.29.
Great Lakes Dredge & Dock Corporation – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 66.69 million. GLDD does have institutional investors; and they hold 81.53% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) with an ownership of 6.91 million shares of the company or 10.299 of the stake worth $60.69 million. The filing also reveals DIMENSIONAL FUND ADVISORS LP as the second largest holder in the company with a control over 6.6119 of the outstanding shares. Its stake is worth $38.96 million for having 4.44 million shares in hand.
JENNISON ASSOCIATES LLC also came holding a key position in the company during the recent quarter and it now holds 6.3386 of the outstanding shares. With this there are now 296.0 institutions which have possession in GLDD’s shares.
Key Metrics for GLDD
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Great Lakes Dredge & Dock Corporation has a debt to equity ratio of 0.97.
