State Street Corp Has $16.22 Million Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

State Street Corp increased its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,540,516 shares of the construction company’s stock after acquiring an additional 13,010 shares during the quarter. State Street Corp’s holdings in Great Lakes Dredge & Dock were worth $16,222,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLDD. Essex Investment Management Co. LLC grew its holdings in Great Lakes Dredge & Dock by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 347,517 shares of the construction company’s stock worth $3,659,000 after acquiring an additional 915 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Great Lakes Dredge & Dock by 1.0% during the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock worth $1,298,000 after purchasing an additional 1,228 shares during the period. Quarry LP grew its stake in shares of Great Lakes Dredge & Dock by 68.5% in the second quarter. Quarry LP now owns 3,097 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,259 shares during the last quarter. nVerses Capital LLC increased its holdings in Great Lakes Dredge & Dock by 400.0% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock valued at $37,000 after purchasing an additional 2,800 shares during the period. Finally, Creative Planning raised its position in Great Lakes Dredge & Dock by 8.2% during the 2nd quarter. Creative Planning now owns 38,688 shares of the construction company’s stock worth $340,000 after purchasing an additional 2,919 shares during the last quarter. Institutional investors own 89.11% of the company’s stock.

Insider Activity at Great Lakes Dredge & Dock

In related news, 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 transaction, the director now owns 67,675 shares in the company, valued at $854,735.25. The trade was a 25.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Great Lakes Dredge & Dock Trading Up 0.8 %

NASDAQ:GLDD opened at $11.64 on Wednesday. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. The firm’s fifty day moving average is $12.12 and its 200-day moving average is $10.40. The firm has a market cap of $783.05 million, a P/E ratio of 13.38, a P/E/G ratio of 0.48 and a beta of 1.15.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. During the same period last year, the company posted ($0.09) EPS. Equities analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Noble Financial upped their price target on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd.

Great Lakes Dredge & Dock Company 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.