Sidoti Csr Analysts Raise Earnings Estimates for GLDD

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) – Sidoti Csr lifted their Q2 2026 earnings per share (EPS) estimates for Great Lakes Dredge & Dock in a research note issued to investors on Wednesday, October 29th. Sidoti Csr analyst J. Romero now forecasts that the construction company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for Great Lakes Dredge & Dock’s current full-year earnings is $0.69 per share.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its earnings results on Tuesday, August 5th. The construction company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%. The company had revenue of $193.76 million for the quarter, compared to the consensus estimate of $177.70 million.

Several other equities analysts have also weighed in on GLDD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a report on Wednesday, October 8th. Zacks Research downgraded Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Great Lakes Dredge & Dock Stock Up 12.2%

Great Lakes Dredge & Dock stock opened at $12.77 on Monday. The firm’s fifty day moving average is $11.68 and its 200 day moving average is $11.31. Great Lakes Dredge & Dock has a 12-month low of $7.51 and a 12-month high of $12.93. The company has a market capitalization of $868.30 million, a PE ratio of 12.16, a PEG ratio of 0.94 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.15 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On Great Lakes Dredge & Dock

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming grew its stake in Great Lakes Dredge & Dock by 3.3% in the 3rd quarter. State of Wyoming now owns 36,148 shares of the construction company’s stock valued at $433,000 after buying an additional 1,142 shares in the last quarter. Hsbc Holdings PLC grew its stake in Great Lakes Dredge & Dock by 3.2% in the 1st quarter. Hsbc Holdings PLC now owns 41,256 shares of the construction company’s stock valued at $360,000 after buying an additional 1,272 shares in the last quarter. AE Wealth Management LLC grew its stake in Great Lakes Dredge & Dock by 8.1% in the 3rd quarter. AE Wealth Management LLC now owns 19,175 shares of the construction company’s stock valued at $230,000 after buying an additional 1,443 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Great Lakes Dredge & Dock by 43.5% in the second quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after purchasing an additional 1,505 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Great Lakes Dredge & Dock by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,190 shares of the construction company’s stock valued at $341,000 after purchasing an additional 1,653 shares in the last quarter. Institutional investors and hedge funds 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.