Credit Industriel ET Commercial Purchases Shares of 69,245 Great Lakes Dredge & Dock Corporation $GLDD

Credit Industriel ET Commercial bought a new stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,245 shares of the construction company’s stock, valued at approximately $1,177,000. Credit Industriel ET Commercial owned 0.10% of Great Lakes Dredge & Dock as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new position in shares of Great Lakes Dredge & Dock in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 1,474 shares during the period. Strs Ohio bought a new stake in Great Lakes Dredge & Dock in the first quarter valued at approximately $45,000. Bogart Wealth LLC bought a new position in shares of Great Lakes Dredge & Dock during the first quarter worth $51,000. Finally, Federated Hermes Inc. grew its holdings in shares of 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 currently owned by institutional investors.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD stock opened at $17.00 on Tuesday. The company has a market capitalization of $1.14 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.73. Great Lakes Dredge & Dock Corporation has a 12-month low of $8.80 and a 12-month high of $17.02. The firm has a 50 day moving average price of $15.47 and a two-hundred day moving average price of $15.68.

Wall Street Analysts Forecast Growth

GLDD has been the topic of a number of research reports. Wall Street Zen raised shares of Great Lakes Dredge & Dock to a “strong-buy” rating in a research note on Saturday, April 4th. JPMorgan Chase & Co. downgraded Great Lakes Dredge & Dock from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Thursday, March 26th. Finally, CJS Securities reiterated a “market perform” rating on shares of Great Lakes Dredge & Dock in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.00.

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.