Great Lakes Dredge & Dock (NASDAQ:GLDD) SVP David Johanson Sells 2,100 Shares

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) SVP David Johanson sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $13.96, for a total value of $29,316.00. Following the transaction, the senior vice president owned 91,963 shares of the company’s stock, valued at approximately $1,283,803.48. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Johanson also recently made the following trade(s):

• On Wednesday, December 3rd, David Johanson sold 10,000 shares of Great Lakes Dredge & Dock stock. The shares were sold at an average price of $13.02, for a total transaction of $130,200.00.

Great Lakes Dredge & Dock Price Performance

Shares of Great Lakes Dredge & Dock stock opened at $13.78 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. Great Lakes Dredge & Dock Corporation has a 12 month low of $7.51 and a 12 month high of $14.00. The business’s 50-day moving average price is $12.09 and its 200-day moving average price is $11.79. The firm has a market capitalization of $937.04 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Great Lakes Dredge & Dock had a net margin of 9.65% and a return on equity of 16.84%. The business had revenue of $195.21 million for the quarter, compared to analyst estimates of $201.30 million. Sell-side analysts forecast that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research raised Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Trading of Great Lakes Dredge & Dock

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in Great Lakes Dredge & Dock during the first quarter valued at $130,000. Vanguard Group Inc. raised its holdings in Great Lakes Dredge & Dock by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,907,174 shares of the construction company’s stock worth $33,992,000 after buying an additional 29,586 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Great Lakes Dredge & Dock during the first quarter valued at approximately $3,960,000. Fox Run Management L.L.C. increased its position in shares of Great Lakes Dredge & Dock by 88.9% during the first quarter. Fox Run Management L.L.C. now owns 69,234 shares of the construction company’s stock valued at $602,000 after acquiring an additional 32,589 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in Great Lakes Dredge & Dock in the 1st quarter worth approximately $2,130,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.

About Great Lakes Dredge & Dock

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.