Sidoti Issues Negative Forecast for GLDD Earnings

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Analysts at Sidoti dropped their Q1 2026 earnings per share (EPS) estimates for shares of Great Lakes Dredge & Dock in a research note issued to investors on Wednesday, February 25th. Sidoti analyst J. Romero now expects that the construction company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.28. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share. Sidoti also issued estimates for Great Lakes Dredge & Dock’s Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.12 EPS, Q1 2027 earnings at $0.25 EPS, Q3 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.40 EPS and FY2027 earnings at $1.27 EPS.

GLDD has been the topic of several other reports. Weiss Ratings upgraded shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 21st. Zacks Research lowered shares of Great Lakes Dredge & Dock from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Texas Capital cut shares of Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. initiated coverage on shares of Great Lakes Dredge & Dock in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, Noble Financial lowered Great Lakes Dredge & Dock from an “outperform” rating to a “market perform” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Great Lakes Dredge & Dock presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Great Lakes Dredge & Dock Stock Up 0.2%

Shares of NASDAQ GLDD opened at $16.95 on Thursday. The business has a 50-day moving average of $15.01 and a two-hundred day moving average of $13.08. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42. Great Lakes Dredge & Dock has a 1 year low of $7.51 and a 1 year high of $16.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.01 and a quick ratio of 1.06.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings data 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. Great Lakes Dredge & Dock had a return on equity of 16.46% and a net margin of 8.27%.The business had revenue of $256.45 million during the quarter, compared to analysts’ expectations of $216.30 million.

Insider Activity at Great Lakes Dredge & Dock

In other news, SVP David Johanson sold 2,100 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $13.96, for a total transaction of $29,316.00. Following the completion of the sale, the senior vice president owned 91,963 shares in the company, valued at approximately $1,283,803.48. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of Great Lakes Dredge & Dock

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new stake in Great Lakes Dredge & Dock during the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC raised its stake in shares of Great Lakes Dredge & Dock by 231.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,474 shares during the last quarter. MAI Capital Management lifted 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 purchasing an additional 955 shares during the period. State of Alaska Department of Revenue purchased a new position in Great Lakes Dredge & Dock in the 3rd quarter valued at $46,000. Finally, Federated Hermes Inc. increased its stake in Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after buying an additional 1,505 shares during the period. 89.11% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Great Lakes Dredge & Dock

Here are the key news stories impacting Great Lakes Dredge & Dock this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.12 (from $1.03) and lifted FY2027 to $1.27 (from $1.20), implying stronger expected full-year profitability that can support multiple expansion and investor optimism. Sidoti raises FY estimates
• Positive Sentiment: Sidoti also increased several quarterly estimates (notably Q3 & Q4 2026 and Q3 & Q4 2027), which signals improving momentum in later quarters and better forward visibility into project activity and margins. Sidoti raises quarterly estimates
• Neutral Sentiment: A short-interest data entry shows 0 shares and a nonsensical NaN increase — the record appears erroneous or not actionable, so it provides no clear bearish signal about investor positioning. Short-interest data
• Negative Sentiment: Offsetting the upgrades, Sidoti trimmed near-term quarterly estimates: Q1 2026 was lowered to $0.25 (from $0.28) and Q1 2027 to $0.25 (from $0.29), indicating some nearer-term softness or timing shifts in revenue recognition that could pressure short-term results. Sidoti trims near-term quarters

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.