Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) rose 6.9% on Wednesday . The stock traded as high as $11.00 and last traded at $10.99, approximately 549,155 shares traded hands during trading. An increase of 7% from the average daily volume of 515,263 shares. The stock had previously closed at $10.28.

GLDD has been the topic of several research reports. BidaskClub upgraded Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Noble Financial set a $14.00 price target on Great Lakes Dredge & Dock and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Friday, August 2nd. Finally, ValuEngine lowered Great Lakes Dredge & Dock from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $13.00.

The company has a quick ratio of 1.18, a current ratio of 1.31 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $656.13 million, a P/E ratio of 29.75 and a beta of 0.62. The company has a 50-day moving average of $10.79 and a two-hundred day moving average of $9.86.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company had revenue of $184.81 million for the quarter, compared to analyst estimates of $181.65 million. Great Lakes Dredge & Dock had a return on equity of 22.64% and a net margin of 3.90%. The firm’s revenue was up 36.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. As a group, equities analysts expect that Great Lakes Dredge & Dock Co. will post 0.74 EPS for the current fiscal year.

In other Great Lakes Dredge & Dock news, Director Ryan Levenson sold 233,000 shares of Great Lakes Dredge & Dock stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $10.84, for a total transaction of $2,525,720.00. Following the completion of the transaction, the director now owns 35,816 shares in the company, valued at $388,245.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David E. Simonelli sold 4,059 shares of Great Lakes Dredge & Dock stock in a transaction on Friday, June 14th. The shares were sold at an average price of $10.40, for a total value of $42,213.60. Following the transaction, the insider now owns 322,298 shares of the company’s stock, valued at approximately $3,351,899.20. The disclosure for this sale can be found here. Insiders have sold 272,964 shares of company stock valued at $2,941,650 in the last quarter. 4.66% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Jefferies Group LLC raised its stake in Great Lakes Dredge & Dock by 6.7% during the second quarter. Jefferies Group LLC now owns 17,865 shares of the construction company’s stock valued at $197,000 after buying an additional 1,114 shares during the last quarter. Legal & General Group Plc raised its stake in Great Lakes Dredge & Dock by 18.2% during the fourth quarter. Legal & General Group Plc now owns 10,782 shares of the construction company’s stock valued at $71,000 after buying an additional 1,658 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Great Lakes Dredge & Dock by 2.5% during the second quarter. Cubist Systematic Strategies LLC now owns 84,028 shares of the construction company’s stock valued at $928,000 after buying an additional 2,019 shares during the last quarter. Falcon Point Capital LLC raised its stake in Great Lakes Dredge & Dock by 2.2% during the first quarter. Falcon Point Capital LLC now owns 95,576 shares of the construction company’s stock valued at $852,000 after buying an additional 2,055 shares during the last quarter. Finally, Quantamental Technologies LLC raised its stake in Great Lakes Dredge & Dock by 45.6% during the first quarter. Quantamental Technologies LLC now owns 7,573 shares of the construction company’s stock valued at $67,000 after buying an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Great Lakes Dredge & Dock (NASDAQ:GLDD)

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company is involved 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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