Great Lakes Dredge & Dock (GLDD)

• Market cap: $788M
• 1 day: 1.47%
• 5 days: -2.17%
• 1 month: -4.09%
• 3 months: 12.15%
• 6 months: 32.58%
• Year to date: 53.81%
• 1 year: 59.24%
• 5 years: 2.00%
• 10 years: 43.45%
• Sector: Industrials
• Industry: Heavy Construction Other Than Building Construction Contractors

About: Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

Employees: 960

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

981% more call options, than puts

Call options by funds: $2.49M | Put options by funds: $230K

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

19% more capital invested

Capital invested by funds: $478M [Q2] → $570M (+$91.4M) [Q3]

17% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 54

5% more funds holding

Funds holding: 168 [Q2] → 177 (+9) [Q3]

0.58% less ownership

Funds ownership: 81.36% [Q2] → 80.78% (-0.58%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $14 19% upside
• Avg. target: $14 19% upside
• High target: $14 19% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Noble Capital Markets Poe Fratt 13% 1-year accuracy 1 / 8 met price target

19% upside $14

Outperform Maintained

23 Sept 2024