Wellington Management Group LLP Has $3.47 Million Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Wellington Management Group LLP increased its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 451,626 shares of the construction company’s stock after purchasing an additional 11,640 shares during the period. Wellington Management Group LLP’s holdings in Great Lakes Dredge & Dock were worth $3,468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP bought a new stake in shares of Great Lakes Dredge & Dock during the third quarter worth $92,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Great Lakes Dredge & Dock by 23.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,955 shares of the construction company’s stock worth $123,000 after acquiring an additional 3,011 shares during the last quarter. ELCO Management Co. LLC acquired a new stake in Great Lakes Dredge & Dock in the 3rd quarter valued at about $159,000. Aigen Investment Management LP bought a new position in shares of Great Lakes Dredge & Dock in the fourth quarter worth about $243,000. Finally, SG Americas Securities LLC lifted its position in shares of Great Lakes Dredge & Dock by 27.6% during the fourth quarter. SG Americas Securities LLC now owns 36,761 shares of the construction company’s stock worth $282,000 after purchasing an additional 7,949 shares in the last quarter. 89.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th.

Great Lakes Dredge & Dock Trading Down 1.2 %

GLDD stock opened at $8.78 on Monday. The business has a fifty day moving average of $8.66 and a 200-day moving average of $8.31. The company has a market cap of $588.35 million, a P/E ratio of 15.40, a PEG ratio of 0.35 and a beta of 1.14. Great Lakes Dredge & Dock Co. has a twelve month low of $6.11 and a twelve month high of $9.78. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.93.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.25. The firm had revenue of $198.66 million during the quarter, compared to analysts’ expectations of $176.45 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. As a group, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.72 EPS for the current year.

Great Lakes Dredge & Dock Profile

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.