Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Free Report) Director Kathleen M. Shanahan sold 23,238 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the sale, the director now directly owns 67,675 shares of the company’s stock, valued at approximately $854,735.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Great Lakes Dredge & Dock Stock Down 0.6 %
Shares of GLDD traded down $0.08 on Tuesday, hitting $12.53. The company’s stock had a trading volume of 412,093 shares, compared to its average volume of 428,747. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.12 and a fifty-two week high of $12.83. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm’s fifty day moving average price is $11.02 and its 200-day moving average price is $9.65. The firm has a market capitalization of $842.92 million, a price-to-earnings ratio of 14.28, a P/E/G ratio of 0.47 and a beta of 1.13.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. The business had revenue of $191.17 million during the quarter, compared to the consensus estimate of $180.80 million. During the same period in the previous year, the business posted ($0.09) EPS. On average, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.
Hedge Funds Weigh In On Great Lakes Dredge & Dock
Wall Street Analysts Forecast Growth
GLDD has been the subject of several research analyst reports. StockNews.com lowered shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Noble Financial increased their price target on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd.
Check Out Our Latest Report on GLDD
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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