Great Lakes Dredge & Dock Corporation $GLDD Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,180,909 shares of the construction company’s stock after buying an additional 210,134 shares during the period. American Century Companies Inc.’s holdings in Great Lakes Dredge & Dock were worth $26,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Great Lakes Dredge & Dock by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,907,174 shares of the construction company’s stock valued at $33,992,000 after acquiring an additional 29,586 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Great Lakes Dredge & Dock by 3.2% in the second quarter. Geode Capital Management LLC now owns 1,656,547 shares of the construction company’s stock valued at $20,195,000 after purchasing an additional 51,269 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of Great Lakes Dredge & Dock by 169.2% in the first quarter. CenterBook Partners LP now owns 1,121,974 shares of the construction company’s stock valued at $9,761,000 after purchasing an additional 705,159 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Great Lakes Dredge & Dock by 26.7% during the second quarter. JPMorgan Chase & Co. now owns 789,276 shares of the construction company’s stock worth $9,621,000 after buying an additional 166,166 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Great Lakes Dredge & Dock during the first quarter worth $3,960,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GLDD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research note on Wednesday, October 8th. Zacks Research raised shares of Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Great Lakes Dredge & Dock Price Performance

NASDAQ:GLDD opened at $12.77 on Monday. Great Lakes Dredge & Dock Corporation has a 52 week low of $7.51 and a 52 week high of $13.05. The stock’s fifty day moving average is $11.83 and its two-hundred day moving average is $11.64. The company has a market capitalization of $868.01 million, a P/E ratio of 12.16, a P/E/G ratio of 0.94 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $195.21 million during the quarter, compared to analysts’ expectations of $201.30 million. Great Lakes Dredge & Dock had a return on equity of 15.61% and a net margin of 8.63%. Equities analysts expect that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current year.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.