Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Director Robert B. Uhler purchased 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $3.73 per share, with a total value of $18,650.00. Following the purchase, the director now owns 110,843 shares in the company, valued at $413,444.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Great Lakes Dredge & Dock Corporation (GLDD) remained flat at $3.80 during trading on Tuesday. The company had a trading volume of 394,678 shares. Great Lakes Dredge & Dock Corporation has a 52 week low of $3.05 and a 52 week high of $5.45. The stock’s 50-day moving average is $4.11 and its 200-day moving average is $4.41. The stock’s market capitalization is $233.10 million.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.01. The company had revenue of $176.90 million for the quarter, compared to the consensus estimate of $201.70 million. Great Lakes Dredge & Dock Corporation had a negative net margin of 2.62% and a positive return on equity of 1.00%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. Analysts expect that Great Lakes Dredge & Dock Corporation will post $0.05 EPS for the current fiscal year.

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A number of equities analysts have commented on GLDD shares. Cantor Fitzgerald reissued a “buy” rating and issued a $6.50 price target on shares of Great Lakes Dredge & Dock Corporation in a research note on Tuesday, July 11th. BidaskClub cut shares of Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine raised shares of Great Lakes Dredge & Dock Corporation from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.25.

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Great Lakes Dredge & Dock Corporation by 16.3% in the first quarter. Wellington Management Group LLP now owns 4,376,735 shares of the construction company’s stock valued at $17,506,000 after buying an additional 613,175 shares during the last quarter. Vanguard Group Inc. boosted its stake in Great Lakes Dredge & Dock Corporation by 10.3% in the first quarter. Vanguard Group Inc. now owns 2,368,148 shares of the construction company’s stock valued at $9,472,000 after buying an additional 220,755 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Great Lakes Dredge & Dock Corporation by 61.4% in the second quarter. Russell Investments Group Ltd. now owns 2,017,862 shares of the construction company’s stock valued at $8,676,000 after buying an additional 767,586 shares during the last quarter. State Street Corp boosted its stake in Great Lakes Dredge & Dock Corporation by 4.2% in the fourth quarter. State Street Corp now owns 1,241,442 shares of the construction company’s stock valued at $5,211,000 after buying an additional 49,798 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Great Lakes Dredge & Dock Corporation by 1.6% in the second quarter. Royce & Associates LP now owns 1,027,468 shares of the construction company’s stock valued at $4,418,000 after buying an additional 16,500 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Great Lakes Dredge & Dock Corporation

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.

Insider Buying and Selling by Quarter for Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)

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